interface news reporter Wu Zhibang

In 2023, the number of A- share listed companies will rise steadily, and the number of listed companies has exceeded 5000 (including the Beijing Stock Exchange). In the context of the registration system, for all kinds of securities violations, the regulatory authorities have also offered a thunderous means. Including Zeda Yisheng (688555.SH), Amethyst Storage (688086.SH) two listed companies were forced to delist due to fraud, I Le Home (603326.SH) major shareholders against the wind reduction was confiscated nearly 50 million yuan, etc.

the interface news combed the cases of illegal punishment in the capital market in 2023, and selected ten typical cases from the perspectives of illegal types and punishment intensity.

zeda yisheng and amethyst storage are officially delisted

On May 31, 2023, Amethyst Storage received the self-regulatory decision issued by the Shanghai Stock Exchange. "2023" No. 116 "Decision on the termination of the listing of the shares of Guangdong Amethyst Information Storage Technology Co., Ltd.", Shanghai Stock Exchange Decided to terminate the listing of the company's shares.

Also on May 31, 2023, Zeda Yisheng received the self-regulatory decision issued by the Shanghai Stock Exchange [2023] No. 117 "Decision on the termination of the listing of Zeda Yisheng (Tianjin) Technology Co., Ltd.", the Shanghai Stock Exchange decided to terminate the listing of the company's shares.

Both companies listed on the Science and Technology Innovation Board received a decision from the exchange to terminate their listing on the same day, which aroused widespread concern in the market, indicating that regulators will not tolerate fraudulent listings. Past information shows that from 2017 to 2019, amethyst storage has inflated its operating income by more than 0.43 billion yuan and its total inflated profit by more than 0.21 billion yuan in three years. It has inflated its operating income and profit mainly through fictitious sales contracts, forged logistics documents and acceptance documents, arrangement of fund collection, and early confirmation of income. Zeda Yisheng, on the other hand, has inflated its operating income by 0.342 billion yuan and inflated its profit by 0.187 billion yuan in 2016-2019.

qixin shares continued to make financial fraud for 8 years, and state-owned assets cut off their wrists

After Jiangxi Xinyu State Capital bought a shell and intervened in Qixin (002781.SZ), the financial dark thunder of this listed company was gradually revealed, with net profit of -0.555 billion yuan, -1.748 billion yuan and -0.413 billion yuan from 2020 to 2022, respectively.

According to the SFC's penalty decision issued on August 23, 2023, it was determined that the financial fraud of Qixin shares began in the company's prospectus and lasted from 2012 to the 2019 annual financial report. In the end, 15 responsible personnel including the company's then directors and senior executives were fined. Among them, Qixin shares were given a warning and fined 10 million yuan.

In the follow-up progress, Xinyu State-owned assets cut off their wrists and chose to deal with the incident by criminal means. In the end, Qixin shares were delisted due to the termination of the listing of shares stipulated in Article 9.3.11 of the Stock Listing Rules (2023 Revision) of the Exchange.

Luo Shandong manipulation Limin shares and other 16 stocks were fined

As the actual controller of Hunan Dongneng Group, Luo Shandong failed to run the enterprise wholeheartedly and moved his mind to manipulate stocks for profit. According to the information previously disclosed by the public security organs, there were 31 defendants in the Luo Shandong case, 10 of whom were sentenced to fixed-term imprisonment in the first instance, whether it is from the total number of people sentenced, the number of people sentenced, or the level of punishment in the applicable criminal law. In securities crime cases, this case can be regarded as a historical precedent.

the administrative penalty decision disclosed on the official website of the CSRC on September 22, 2023 shows that a total of 118 securities accounts, including "Luo Shandong", have been controlled and used to manipulate 16 stocks, including Limin shares, Lantai Industry, Weili Medical, Jin Zitianzheng, Guidong Electric Power, INTEL Group and Zhenghong Technology, by borrowing by themselves or from friends, partners, classmates and distribution agencies. In accordance with the provisions of Article 203 of the Securities Law of 2005, the CSRC decided to confiscate 68.9883 million yuan of Luo Shandong's illegal income and impose a fine of 68.9883 million yuan.

Ren Liangcheng was fined for controlling 201 accounts and manipulating 16 stocks

Ren Liangcheng, who invested in the establishment of China Stock Museum and served as curator of China Stock Museum, was also listed on the punishment list of the CSRC in 2023. In the end, Ren Liangcheng was confiscated of 74.1394 million yuan of illegal income and fined 0.222 billion yuan.

The penalty decision shows that Ren Liangcheng used two sets of accounts for stock manipulation: from April 2015 to December 2015, ren Liangcheng successively controlled the use of 51 accounts under the names of 31 people, including Chen Mouhua and Chen Mou (A), to manipulate "Jiugang Hongxing", "Guireniao", "Meijin Energy", "Taihua shares", "Zhangzhou Development", "Guomai Technology", "Guangyu Development", "Shuguang shares", "Qianjiang biochemical", "Guangyu Group", "Quanchai Power", "Tianbao stock price trading; from August 2016 to October 2017, Ren Liangcheng successively controlled the use of 150 accounts under the names of 98 people (including 2 legal persons) including Cai Mounong and Chen Mouhua, and manipulated" Yuanxing Energy "," Longhua Energy Conservation ", The trading price and trading volume of 4 stocks including" Guannong Shares "and" Weiwei Shares.

It is worth mentioning that Ren Liangcheng pointed out in his defense that since 1991, he has been involved in the securities market, invested in stocks for more than 30 years, and traded in bulk stocks for nearly 10 years, trading 200 billion yuan to 500 billion yuan per year, and paying stamp duty and commission annually. More than 0.2 billion yuan. Investment in the establishment of a stock museum to make a significant contribution to the promotion of stock culture. At present, Ren Liangcheng has been sentenced by the court of first instance for criminal crimes involving the manipulation of the securities market. He has been severely punished and should not be given severe administrative punishment.

private network communication delisted the first Kellogg technology was fined 10 million yuan

The private network communication storm swept the-share market, and many listed companies were shot. Among them, Kaile Technology (600260.SH) withdrew from the-share market.

The penalty decision disclosed by the China Securities Regulatory Commission on its official website on June 19, 2023 shows that from 2016 to 2020, Keller Technology and Sui Mouli will cooperate to carry out the "private network communication" business. During the cooperation period, Kaile Technology only has a small number of private network communication services, other private network communication services are false, only in accordance with the contract to forge procurement warehousing, production warehousing, sales warehousing and other documents, there is no matching with the false private network communication business production and logistics, in order to inflate revenue, profits. The China Securities Regulatory Commission pointed out in the penalty decision that Zhu Dixiong, as the chairman of Kaile Technology, has actual control over the production and operation of Kaile Technology, makes decisions, organizes the implementation of financial fraud, and authorizes and directs Kaile Technology to carry out false business. The method is particularly bad., The circumstances are particularly serious, and he is the person in charge directly responsible for the illegal behavior of Kaile Technology information disclosure.

In the end, Keller Technology was given a warning and fined 10 million yuan, and other responsible persons were fined ranging from 500000 yuan to 5 million yuan.

product nesting incidents of private equity institutions such as Hangzhou yuyao and Shenzhen huisheng were investigated

a piece of news about "Hangzhou 3 billion quantitative private placement running away" circulated in the market, also affecting the nerves of many A- share listed companies, including Hengdian Dongci (002056.SZ), Yingluohua (000795.SZ), Zheng Meiji (601717.SH) and so on all disclosed stepping on thunder.

The China Securities Regulatory Commission announced on its official website on November 24, 2023 that after the outbreak of investment risks such as Beijing Huaruan New Power Private Equity Fund Management Co., Ltd., the society is highly concerned. The CSRC organizes the Securities Regulatory Commission, the Fund Industry Association, etc. to carry out verification. According to the preliminary judgment, the relevant personnel control Hangzhou Yuyao, Shenzhen Huisheng and other institutions, multi-layer nested investment, there are false propaganda, reporting false information, illegal letters and so on, and may also be suspected of illegal and criminal acts.

The information released by the China Securities Regulatory Commission pointed out that it has decided to file a case for investigation and strictly deal with violations of laws and regulations. It is also understood that the public security organs have intervened to control the persons involved. The follow-up will do a good job of communication and convergence, and actively and steadily promote risk disposal. The next step is to further promote the standardized operation of the industry and protect the legitimate rights and interests of investors.

simei media , su davig and other companies were investigated for violations of interactive e-trust

in previous cases, very few listed companies have been investigated for violations of interactive easy, and several companies have been recruited in succession by the end of 2023.

Simei Media (002712.SZ) received the Notice of Filing a Case issued by the CSRC on November 29, 2023. Because the company is suspected of illegal information disclosure, in accordance with the "the People's Republic of China Securities Law", "the People's Republic of China Administrative Punishment Law" and other laws and regulations, the China Securities Regulatory Commission decided to file a case against the company. The previous warning letter showed that at noon on November 27, 2023, Simi Media selectively responded to investors' questions in Interactive Easy, saying that "the tremolo supermarket is operated by our company at this stage"; After the close of the market, your company also said in its interactive reply that "the company's call to operate tremolo supermarket on behalf of the company refers to one of the official live broadcast rooms of tremolo official supermarket on behalf of the company". The warning letter from the local Securities Regulatory Commission pointed out that when answering questions from investors, the company did not accurately and completely disclose the company's participation in the "Douyin Supermarket" business and its impact on the company's operating income. At present, the secretary of Simei Media has been suspended.

former real controller of Jin yi culture was fined for investing 0.1 billion yuan of physical gold for market value management

in the market value management, the margin issued by the stakeholders is mostly capital flow, while in the case of Jin Yi Culture (002721.SZ), the then actual controller took out about 0.1 billion yuan of physical gold to the offerside, which is surprising.

The punishment decision of the China Securities Regulatory Commission shows that from 2007 to August 2018, Zhong Cong was the actual controller of Jinyi Culture, and successively served as chairman and general manager of the company. Hu Yu is a customer and friend of Zhong Cong. He cooperated with Zhong Cong to establish Anhui Jinjun Jewelry Co., Ltd. On June 26, 2017, Hu Yu proposed to Zhong Cong to find Zhu Yidong to do "market value management" on Jin Yi Culture. Zhong Cong agreed. Hu Yu met Li Weiwei through Zhu Yidong and others and introduced Li Weiwei to Zhong Cong. Zhong Cong agreed to his subordinate Han Mou to attend Li Weiwei's "Market Value Management Lecture". Zhong Cong has indirectly paid money to relevant distribution agencies through Shanghai Jinyi Gold Jewelry Co., Ltd., a subsidiary of Jinyi Culture, and Hu Yu. On the one hand, he paid 10.9 million yuan to the bank account controlled by Hu Yu through Shanghai Jinyi Company, and on the other hand, he delivered about 0.1 billion yuan of physical gold to Hu Yu through Shanghai Jinyi Company. Zhong Ong also signed a "loan contract" with the distribution intermediary Song Moujie, which agreed to be signedSong Moujie offered 0.1 billion yuan to purchase "Jin Yi Culture". During the period from December 7, 2017 to May 28, 2018, Hu Yu paid Li Weiwei, Song Moujie, Zhu Yiyi, Chen Mou, Zhang Moujie and others a total of 0.266 billion yuan in allocation deposit and interest, and entrusted Li Weiwei and Zhu Yiyi to specifically trade "Jin Yi Culture".

three gorges water conservancy insider trading case many people were fined

On March 3, 2023, the official website of the China Securities Regulatory Commission disclosed four administrative penalty decisions, all of which pointed to the Three Gorges Water Conservancy (600116.SH) insider case. According to the punishment decision, some people, including Teng Yujun, Chen Jingli, Ron, Cui Hong and Wang Xiaolun, used insider information trading in the Three Gorges Water Conservancy, and some people were confiscated of their illegal income and fined.

According to the pilot scheme of mixed reform approved by the national development and Reform Commission, China Three Gorges Group Co., Ltd. and China Yangtze Power Co., Ltd. have studied and demonstrated the listing plan and path of Chongqing Changdian United Energy Co., Ltd. (hereinafter referred to as United Energy) and Chongqing Liangjiang Changxing Power Co., Ltd. (hereinafter referred to as Changxing power), Promote the overall listing of Chongqing power distribution business. On September 12, 2018, the main person in charge of the Three Gorges Group led a team to visit the main person in charge of the Ministry of Water Resources, etc., to coordinate the overall listing of Chongqing's allotment of electricity, and to report on the reorganization of the Three Gorges Water Conservancy. The Ministry of Water Resources expressed its support. After the meeting, the Ministry of Water Resources asked the Comprehensive Business Bureau of the Ministry of Water Resources to be responsible for the cooperation between the Three Gorges Group and the Ministry of Water Resources.

It is worth mentioning that the person involved in this insider trading was still a public official in the water conservancy department at that time.

the strictest new rule on reduction was issued, I le home shareholders were confiscated nearly 50 million yuan against the wind.

On August 27, 2023, the China Securities Regulatory Commission issued the ''Further Regulating Share Reduction Behaviors'', requiring listed companies to have broken, broken, and dividends that did not meet the standards. Controlling shareholders and actual controllers shall not reduce their shares through the secondary market. The above regulations are the most stringent reduction regulations in the history of the market.

Although it is the most stringent new rule to reduce holdings, there are still shareholders of listed companies who cannot control the huge benefits. The official website of the CSRC disclosed on September 20 that from September 5 to September 6, 2023, Yu Fan Yi, a shareholder of our music home, and his concerted actors reduced all the above shares, and did not stop trading according to law when the reduction ratio reached 5%. The subsequent illegal transaction amount was 0.107 billion yuan, and the illegal income was 16.53 million yuan. The CSRC intends to confiscate the above-mentioned illegal income from Fan Yi and his concerted action according to law and impose a strict fine of 32.95 million yuan.

On the evening of September 27, I Le Home disclosed that I received the ''Administrative Penalty Decision'' issued by the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission. For Fan Yi, Yantai Evey Trading Co., Ltd., and Tibet Evey Venture Capital The company and Yantai Evey Management Co., Ltd. ordered corrections, gave a warning, confiscated 16.5349 million yuan of illegal income, and imposed a fine of 32.95 million yuan.