Liu Jipeng: Hong Kong's ICAC Arrests Eight People Demonstrating Regulatory Strength, Mainland's Law Enforcement Authority Needs to Be Strengthened

MaticHoleFiller · 2026-03-16T07:54:36+00:00

At Sina Finance's 3·15 Investor Protection Forum, Professor Liu Jipeng pointed out that Hong Kong's strong enforcement model has adopted effective measures to protect investors, emphasizing that mainland China needs to learn from this regulatory model, enhance enforcement effectiveness, and improve institutional construction to maintain market order.

MaticHoleFiller

2026-03-16 07:54:36

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Special Topic: Strengthening the Defense Line for the Rights and Interests of Small and Medium Investors — Sina Finance 3.15 Investor Protection Forum

On March 13, Sina Finance held the 3.15 Investor Protection Forum. Liu Jipeng, Professor at the Business School of China University of Political Science and Law and a well-known expert in the capital market, delivered a keynote speech.

Liu Jipeng stated that the Hong Kong Independent Commission Against Corruption (ICAC) recently took action against some brokerage firms, arresting eight individuals so far, demonstrating strong law enforcement efforts. Hong Kong government agencies, including the Securities and Futures Commission’s anti-corruption department, have full enforcement authority, allowing them to conduct searches and arrests of companies. In contrast, although mainland China’s CSRC also has investigation bureaus and similar agencies, there are differences in enforcement powers.

“Why can’t we have such measures on the mainland?” Liu Jipeng questioned. He believes the key issue lies in the allocation of enforcement authority—whether similar search and arrest powers can truly be granted to securities regulatory agencies.

In his view, Hong Kong’s ICAC action showcases a regulatory model that is “powerful and capable,” which is significant for maintaining financial market order and cracking down on illegal activities. Mainland financial regulatory reforms could learn from this, further improving institutional development to enhance enforcement effectiveness.

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