[Text/Observer Network Zou Yichen/Lu Dong]
On February 22, the CSRC released six administrative penalties, involving insider trading, Manipulate the market and other illegal acts.Among them, the chairmans manipulation of 80 billion yuan in its own stock transactions is quite eye -catching.
As of the afternoon of February 23, 2024, although the total market value of the listed company Meishang ecological ecology was only 816 million yuan, and the "Piece and Wearing Hat", the name was*ST Meishang.However, Oriental Wealth shows that the market value of Meishang Ecology was close to 10 billion in April 2016.
Summary of the market value, data source: Oriental Wealth
Before July 2022, MeishangEcological actual controller Wang Yingyan has been the chairman of the company for many years.During this period, Wang Yingyan moved "crooked mind", and found that Ji Yun, the legal representative of Shanghai Yongshu Asset Management Co., Ltd. (hereinafter referred to as "Yongshu Assets"), manipulated his own stock.From June 12, 2018 to July 3, 2020, Wang Yingyan and Ji Yun actually controlled 113 securities accounts such as "Wu Mou" (hereinafter referred to as the account group), concentrated fundsAdvantages, shareholding advantages, and continuous trading Meishang Ecological stocks have been manipulated.
During the manipulation, the account group bought a total of 3.141 billion shares, bought 39.984 billion yuan, sold 3.138 billion shares, sold 39.798 billion yuan, and the transaction value was close to 80 billion yuan.In addition, the account group has also implemented the inverted transaction, that is, the use of the multiple accounts controlled by themselves to buy and sell each other, so that the stock price has a short time fluctuating in a short period of time and abnormally enlarged the transaction volume, so as to achieve a means of lure followers.
In this context, Meishangs stock price has repeatedly deviated from the relevant index.For example, from June 12, 2018 to March 21, 2019, the stage of Meishangs ecological stock price increased by 34.60%, which was departed from 35.57%from the GEM composite index (0.97%) in the same period.
However, from the perspective of the general account, Wang Yingyan and Ji Yuns operations lost 238 million yuan.
The Securities Regulatory Commission believes that the above behavior of Wang Yingyan and Ji Yun violated the Securities Law and constitutes the operation of the securities market.
It is important to point out that it is not uncommon for the actual controller or the companys director to manipulate the loss of their own stocks.Taking the administrative penalty disclosed in 2023 as an example:
For example, from July 6, 2018 to May 31, 2019, the actual controller and general manager of the Park FortChen Nana controlled 9 bank accounts such as "Chen Moujun" through Park Castle, and paid 83 million yuan to 9 bank accounts such as "Guo Mouying" controlled by Yang Jie and Zheng Hui to jointly manipulate Berbuba Dragon.Yang Jie and others control the use of account groups, focus on the advantages of capital, shareholding advantages, continuous transactions, and stocks that have been listed on Parkburgon, and affect stock transaction prices and transaction volumes with means on the market.As a result, the stock price of Parkburstin was obviously abnormal during the period.
MoreoverYuan.However, even if the income and profits are increasing, the account group still loses 12.3496 million yuan.
The stock price chart during the manipulation period, data source: Oriental Fortune
In the process of manipulating Meishangs ecological stock price, Wang Yingyan and Ji Yun cooperated and cooperated with each other.Among them, Wang Yingyan is the initiator and decision maker of the manipulation behavior. He arranged a trading deposit. He is responsible for the borrowing of some accounts and plays a leading role. He should take the main responsibility.Ji Yun is the executive of manipulating behavior. He is responsible for the borrowing of some accounts and shall bear secondary responsibility.During the hearing, Wang Yingyan made two defense opinions: First, Li Mushan and other 9 securities accounts were not Wang Yingyan or Ji Yuns control and use.Ji Yuns team maintained the stock price and did not participate in specific securities transactions. Most transactions occurred before the implementation of the "Securities Law" in 2019. They actively cooperated with the investigation and regretted that they had a good attitude and a heavy penalty.>
For Wang Yingyans debate opinion, the CSRC believes that: For the first point, inquiry, the source of account funds, the use of Jiyun mobile phone equipment transactions, commission tables, interest payment lists, account lists, markets, in the marketEvidence of the statistical table and the funds of the Golden Company is sufficient to prove that 9 securities accounts such as "Li Mushan" are controlled by the parties; the second point, the Securities and Futures Commission fully considers the transaction amount and the duration of the violation of the law.For factors and other factors, the parties are punished within the statutory penalty.
According to the facts, nature, plot and social harm of the parties illegal acts, according to the "Securities Law" 1 100In the provisions of Article 92, the Securities Regulatory Commission decided that Wang Yingyan was fined 5 million yuan and a fine of 3 million yuan on Ji Yun.
It is worth mentioning that if Wang Yingyan and Ji Ji and Ji Ji and Ji JiYuncaos ecological stock price profit, but was discovered by the CSRC that it may lose more. From the case, some punishment in 2023 reached "no penalty."117 million yuan.
The CSRC announced on the evening of February 22, 2024.Do not intervene, protect investors right to fair and free transactions in accordance with the law, and resolutely fight against laws and regulations such as disrupting the order of market transactions. In the next step, the CSRC will guide the Shanghai -Shenzhen Stock Exchange and China Financial Futures Exchange to improve the abnormal abnormalities.Trading supervision standards, crack down on illegal acts such as manipulating markets and insider transactions in accordance with laws and regulations, and effectively maintain the normal transaction order of the market.
In addition, Ji Yun also has some highlights.It shows that Yongshu Assets, as the legal representative, is mainly engaged in domestic sunshine private equity funds, but was revoked by the Shanghai Jiading District Market Supervision and Administration Bureau in March 2020, because "it has not opened for more than six months or opened or openedLater, it has been suspended for more than six consecutive months. "In March 2020, it was during the period when Wang Yingyan and Ji Yun manipulated Meishangs ecological stock price (June 12, 2018 to July 3, 2020).ID = "2GK8HSOS"> And, Ji Yun and Yongshu Assets were also limited by the Peoples Court of Pudong New District, Shanghai in September 2021.
Limit consumption abstract, data source: Enterprise Check
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