Taihe Updates | Closed-Door Seminar on Securities Compliance for Listed Companies Successfully Held

Recently, a closed-door seminar on securities compliance for listed companies, co-hosted by Taihe Law Firm’s headquarters and its Shenzhen branch, together with Shenzhen Jiazhi Online Information Technology Co., Ltd., was successfully held at Xiaodongyuan in Nanjing’s Laomendong district. The event focused on key industry issues such as the logic of capital investment in the AI era, the evolution of market‑capitalization management paradigms, the implementation of new regulatory rules for company secretaries, and the prevention and control of insider‑trading risks. Bringing together numerous experts from the fields of industrial investment, fintech, securities compliance, and legal services, the seminar facilitated in-depth exchanges with over 40 senior executives, company secretaries, corporate office staff, and securities representatives of listed companies, jointly interpreting regulatory developments, assessing market trends, and sharing practical solutions.

At the outset of the seminar, Attorney Li Yuanyang, Director of the Management Committee of Taihe Law Firm, delivered the opening address. He welcomed the distinguished guests in attendance and noted that the capital market is currently at a critical juncture—characterized by the ongoing refinement of regulatory frameworks and the rapid evolution of industrial technologies. Listed companies are simultaneously confronted with increasingly stringent compliance requirements and presented with transformative opportunities arising from AI and advanced manufacturing. This seminar brings together legal, capital, industrial, and financial expertise across disciplines, aiming to help enterprises strengthen their compliance foundations, unlock growth‑driving value, and seize the initiative in this new wave of market change.

Zhou Xin, a seasoned investor in the semiconductor chip and embodied intelligence sectors, delivered a keynote address titled “Capital Investment Decisions in the New Economy of the AI Era.” Drawing on her firsthand experience investing in companies such as Horizon Robotics, Moore Threads, and Unitree Robotics, she systematically dissected the capital‑driven dynamics of the new economy across three key dimensions: value creation in the primary market, value anchoring in the secondary market, and value reconfiguration through mergers and acquisitions.

Wan Yuliang, Deputy Director and Partner at Yidong Zhifu, delivered a presentation titled “The Evolution of Market Capitalization Management Under New Regulatory Guidelines: A New Paradigm for Listed Company Value Management in the Digital and Intelligent Era.” Centering on the regulatory orientation of “Guideline No. 10 on Listed Company Supervision—Market Capitalization Management,” he articulated a market capitalization management philosophy that places intrinsic value at its foundation and investor returns at its core. He further proposed a practical implementation roadmap through a “5R Management” framework encompassing investor relations, analyst relations, media relations, public relations, and regulatory relations.

Shao Yingqi, head of securities compliance consulting at the Shenzhen branch of Taihe Law Firm, provided an in-depth analysis of the “Regulations on the Supervision of Board Secretaries.” Drawing on the context surrounding the issuance of the new rules and the regulatory objective of “clarifying responsibilities and empowering,” he examined the three core duties—information disclosure, corporate governance, and internal–external communication—to clearly delineate the statutory boundaries of the board secretary’s authority and responsibilities. He further illustrated potential risks in fulfilling these duties through a series of representative case studies, including errors in information disclosure, irregularities in the functioning of the three boards, and misleading statements on interactive platforms.

Attorney Shi Qiao, a partner at Taihe Law Firm, delivered a practical presentation titled “Preventing Insider Trading Risks Through Case-Based Analysis.” He began by clarifying the legal elements of insider trading and the two primary risks faced by company secretaries: “direct involvement in trading” and “accountability for internal control deficiencies.” Drawing on numerous administrative penalties and judicial cases, he systematically examined defense arguments—such as trading habits, lack of subjective intent, evidence of information transmission, and pre‑arranged plans—and the corresponding evidentiary requirements. He then analyzed regulatory authorities’ stance and handling of these defenses, underscored the current trend toward “transferring all applicable cases to the criminal justice system,” and emphasized that, in today’s context of seamless coordination between administrative and criminal enforcement, all relevant parties—including company secretaries—must attach great importance to insider‑trading risks and implement effective preventive measures.

Zhang Danfeng, Manager of the Technology Finance Department at Bank of Beijing, delivered a keynote presentation titled “Upholding Compliance, Enhancing Value: How Listed Companies Can Effectively Leverage Technology‑Financing Services.” Drawing on the policy direction of technology finance and the practical needs of listed companies, he outlined a diversified financial product suite tailored to technology‑driven enterprises. He further argued that, within a compliant framework, listed companies can harness technology‑finance tools to bolster R&D, facilitate industrial M&A, and optimize liquidity management, thereby achieving synergistic progress in compliant operations and value creation.

This seminar closely aligned with cutting-edge regulatory developments and pressing market challenges, balancing compliance requirements with value‑driving growth, and established a high‑quality cross‑industry platform for listed companies. Participants unanimously noted that the program combined in‑depth policy analysis with practical guidance, offering clear strategic direction for firms seeking to strengthen their securities‑compliance frameworks and seize capital‑market opportunities in the new economy. Moving forward, Jiangsu Taihe Law Firm will remain focused on the forefront of capital‑market compliance, delivering expert legal services and fostering industry‑wide dialogue to support the high‑quality development of listed companies and help continuously enhance the capital‑market ecosystem.

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