False statements may constitute false litigation's crime. According to Article 1 of the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Laws in Handling Criminal Cases in false litigation, whoever fabricates civil legal relations and civil disputes by means of forging evidence or false statements and brings a civil lawsuit to the people's court in one of the following acts shall be deemed as "bringing a civil lawsuit with fabricated facts" as stipulated in the first paragraph of Article 307 of the Criminal Law: (1) maliciously colluding with one of the spouses to fabricate a husband and wife. (2) Malicious collusion with others, fabricating the relationship between creditor's rights and debts and an agreement to pay debts in kind; (3) Malicious collusion with the legal representative, directors, supervisors, managers or other management personnel of the company or enterprise to fabricate the debts or guarantee obligations of the company or enterprise; (four) fabricating intellectual property infringement or unfair competition; (5) Declaring fictitious creditor's rights during the trial of bankruptcy cases; (6) Malicious collusion with the person subjected to execution, forging creditor's rights or rights of priority or security, and sealing up, distraining or freezing property; (seven) other acts of colluding with others unilaterally or maliciously to fabricate civil legal relations such as identity, contract, infringement and inheritance. According to Article 307 of the Criminal Law, whoever brings a civil lawsuit with fabricated facts, impairs the judicial order or seriously infringes upon the legitimate rights and interests of others, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph. Whoever commits the act mentioned in the first paragraph, illegally occupies other people's property or evades legal debts, which constitutes other crimes, shall be convicted and given a heavier punishment in accordance with the provisions on heavier punishment. Judicial personnel who use their powers to collude with others to commit the acts mentioned in the preceding three paragraphs shall be given a heavier punishment; If it constitutes other crimes at the same time, it shall be convicted and given a heavier punishment in accordance with the provisions on heavier punishment.
Legal objectivity:
Article 191 of the Securities Law of People's Republic of China (PRC), if an issuer, listed company or other information disclosure obligor fails to disclose information in accordance with the provisions, or the disclosed information contains false records, misleading statements or major omissions, it shall be ordered to make corrections, given a warning, and imposed with a fine ranging from 300,000 yuan to 600,000 yuan. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan. Issuers, listed companies or other information disclosure obligors fail to submit relevant reports in accordance with regulations, or the reports submitted contain false records, misleading statements or major omissions, they shall be ordered to make corrections, given a warning, and imposed with a fine of not less than 300,000 yuan but not more than 600,000 yuan. Give a warning to the directly responsible person in charge and other directly responsible personnel, and impose a fine of more than 30,000 yuan and less than 300,000 yuan.