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A Stock Economic Supervision High Short-term Transaction Allocerts: Someone "Buying Play" Some people "play fire" was investigated

  Some company direct supervisors or their family’s short-term trading cases have been short-term transactions of approximately 160 listed companies in the A-share market, or their families. Most of the parties blame the short-term transactions on "Oolong", and claim that the transaction stock is independent judgment, there is no such thing as insider trading, but some cases "coincidence" and "precision" are suspicious.

In the view of the industry, the disciplinary standard of short-term transactions should be further clarified.

  With the evolution of the registration system, the market activity is improved, and the short-term transactions in the A-share market have also emerged.

According to preliminary statistics, since this year, the A-share market has about 160 listed 上海品茶资源 companies’ direct supervision or their families involve short-term transactions.

  Most of the parties blame violations on the "unfamiliar rules" or "operational mistake", but multiple cases deserve to explore.

Some parties frequently touch short-term transactions in a period of time, not announced; some of the parties are accurately lurking, and 3 trading day profit is 38% "flash". According to statistics, the "key few" "key few" "key few", such as Fu Cheng, South University, etc., due to the implementation of the company, as the suspected short-term transaction is investigated, and the supervision is displayed in continuous delivery.

However, in the punishment of the short-term trading case, the scale is still in further clarity.

上海qm逍遥网   Since the violation of the executive relatives this year, the A-share market has a short-term transaction of about 160 listed companies’ direct supervisor or their families. In addition to the direct supervisor, its family "private" buy stocks make up the short-term transaction. The main reason is that the parties do not understand the restriction regulations of the domestic trading stocks.

  Some of these "100 shares" cases, great probability is not familiar with the rules. For example, Ningbo Color Mother is listed on June 28, the directors, executives Chen Zhongfang’s spouse Wanshi buy 100 shares on July 1, selling 100 shares on July 2, this transaction lost 299 yuan.

Zhou Hua’s spouse Chen Wei, one of the Zhouhua, the actual controller, is bought 100 shares on July 6, selling 上海千花龙凤论坛 100 shares the next day, 5 yuan for short-term trading.

* ST Baihua Chairman Zheng Caihong’s son, Qi Zhengpeng, buy 100 shares in the company on April 7, selling on April 13, not profitable.

  A few company’s own relatives also involve short-term trading. From the 4 to June, Han Ling, Yifeng, Han Ling, a short-term trading, involving approximately 80,000 yuan, profit of 3116 yuan.

The company said that He Yang is studying in foreign abroad. He has just returned to China. It has not mastered relevant transactions, nor does Han Ling’s views. There are also relatives of the direct supervisor, and sell stocks after stock operations to make a short-term transaction, causing "equity incentives" to clear. The Po Technical Supervisor Yu Zu Lan, Hunxianghong’s respective spouses, bought stocks at the end of June at the end of June, and posted a short-term trading. Among them, the former calculates the short-term trading income of 10,000 yuan, the latter gains 10,000 yuan, and the two will pay the company to the company.

Loop Medical Director Wang Qihong’s spouse, due to the short-term transaction of the buyer’s credit, and the company has issued the company. However, some cases are difficult to "don’t understand the rules".

For example, ST Security has announced the short-term trading behavior of Mother Yu Yinxian, which is the master of Director Liu Wei, was announced from June to November, and many times a short-term transaction. The turnover is more than a million yuan. This violation is disclosed in 10 months later. According to Article 44 of the Securities Law, the listed company has more than 5% of shareholders, and the directors of the Director constitute short-term trading, and the income returns to the company, the company’s board of directors should recover its income. Among them, the company’s shareholders and natural persons, including their spouses, parents, children’s holdings and shares that use others accounts.

  Accordingly, the foregoing cases profitable short-term trading parties, all the proceeds turned over to the company. Changes in the course of holding "hand slip" and the other more common scenario is that the actual controller of a listed company directors, supervisors or decrease in the stock of the implementation process held in a "Oolong means" reverse trade stocks, constitute the short-term trading.

Therefore, a party early termination of the reduction plan. Deen Seiko actual controller, chairman and managing director Lei Yongzhi, is in the process of holdings by mistake lead to short-term trading.

Previously, Lei Yongzhi based on confidence in the company’s future development plans since February 5, within six months of holdings of not less than 20 million yuan, not more than 40 million yuan of shares of the company. From May 26th to July 6th, Lei Yongzhi bought the Wanjiao company shares as planned, accounting for% of the company’s total share capital.

But in a case of accident, July 6th, Lei Yongzhi misunderstand the company’s share of 5,000 shares, constitute short-term trading, with income is -175 yuan. Wang Fuxin, a director of Dene, is also "busy mistake". After he reducing the company’s shareholding in June 9th to July 2nd, he bought 20,000 shares on July 2, causing short-term trading, withdrawal of -42060 yuan. After that, Wang Fumin early termination of the reduction plan. In the process of implementing the reduction, the three-dimensional communication actual controller Li Yuelun bought 10,000 shares, 500 yuan profit on July 13, and also announced the end of the reducing plan.

Zhang Renzheng, the Board of Board, buys 100 shares in the process of reducing stocks on July 16, and the reducing plan is also painted on "rest".

  In addition, Liu Huihua, deputy general manager of Lier Chemical, has increased the company’s universal stocks twice in March. On July 6, 1400 stocks were sold for operational mistakes, which constitute short-term transactions.

Zhang Ziyan, Chairman of Jiangsu, China, in the process of increasing the company’s stock on May 17, sold 10,000 shares due to operation error, and 6850 yuan income will be paid.

  "Chairman, actual controller is definitely more clear about short-term transaction related rules, but because of their personal stock accounts through staff management operations, there is indeed case of accidental operational mistakes to cause short-term transactions." Zhejiang listed The secret secret of the company.

  The relative palette is inconsistent, and it will also step on the line.

For example, Chen Xiang, who was Danghua Test Director and Deputy General Manager and his relatives, from November 9, 2020, to buy and sellers stocks on January 4 this year, constitute short-term transactions. Among them, Chen is being implemented stock reduction plan, but their relatives Chen Xiangbang has implemented a buy transaction, in accordance with the rules constitute a short-term trading, profit 4375 yuan turned over to the company, the two holdings together promise not to carry out within one year. Most of the parties have yet to clarify the disciplinary scale short-term trading will be attributed to "own means", and claimed that trading stocks is autonomous and independent judgment, there is no case of insider trading, but some cases of "coincidence" and "accurate" the introduction of suspicion.

In the view of the industry, the disciplinary standard of short-term transactions should be further clarified. "Which cases have a warning letter, which cases should be investigated, and should be unified standard and caliber.

"Listed company" key minority "relatives are short-line trading stocks during sensitive periods, which is more likely to be fascinated.

The actual control of Haiyuan Springs, Gan Shengquan, who bought 1100 stocks on July 14, buy 1000 shares on July 15 and sell 1100 shares, July 15, Sea Source Sprinkle, the semi-annual performance notice It is difficult for this to understand "coincidence." Queen Star Director, Deputy General Manager, Financial Lead and responsible person Zhang Yuan’s spouse, June 16th to July 2nd, continuously buy company stocks, 6 transactions totaled more than 1.7 million yuan, July 13 10,000 shares, the turnover of 10,000 yuan, the profit of 10%, the transaction yield is 22%.

Ingenious, Qi Ming Shi appointment was disclosed for a semi-annual newspaper on August 12, and disclosed the semi-annual performance notice on July 15. In some cases, the accuracy of the parties is called "God Machine".

For example. The intriguing is that Yang Yang bought thousands of shares on May 7. On May 11th, Yang Yang sold all the time, the interval is only 3 trading days, and the company’s share price is booming, its yield is as high as 38%. The trend is worthy of concern that after the implementation of the new securities method, there will be a number of cases due to the case investigation of the SPC Certificate of Commission. On the evening of July 5th, the South University Environment Disclosure, due to the directors, executives Dong Yingwen’s spouse Qin Hongwei’s share of the US stocks on August 28 to October 28, 2020, the SFC decided to investigate Dong Yingwen.

The South Environment is available on August 24, 2020. According to the previous announcement, Qin Hongwei bought it, the amount sold is about 2 million yuan, and the short-term trading has received 5,990 yuan has been issued. In June, the actual controller Li Fu Cheng was investigated by the suspected short-term trading by the SFC committee. After investigation, its short-term trading situation occurred in 2018, and the Hebei Securities Bureau finally gave Li Fu Cheng to warned, and fined 80,000 yuan.

In 2020, Hualing Seiko, Huaxing Entrepreneurship, Decheng Environmental Protection and other company executives were also investigated by the suspected short-term transaction by the SFC.

The Shanghai and Shenzhen Exchange also implemented a warning measures for short-term transactions.

  "At present, the supervision of violations of law violations such as short-term transactions is continuously strengthened, but different short-term trading cases correspond to what penalties do not have clear quantitative standards." There are investors said that the motivation of short-term transactions is really difficult. Judging, for some cases concerned, the regulatory authorities need to conduct further investigations and improve the deterrent control of the statute of the parties and transaction size, whether it is in sensitiveity.