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It was learned that the Shenzhen Stock Exchange yesterday issued the “Risk Classification Management Measures for Listed Companies.” The Measures clearly implement differentiated regulatory arrangements for different types of companies, and have “zero tolerance” for financial fraud, capital occupation, and illegal guarantees, etc., and focus on the allocation of regulatory resources for high-risk and sub-high-risk listed companies and their information Disclosure, mergers and acquisitions, refinancing, and other matters should be paid special attention.