Movie star Huang Xiaoming was recently involved in a stock market manipulation case, which once became the focus of public opinion.Chang Depeng, spokesman of the China Securities Regulatory Commission, responded at a regular press conference of the China Securities Regulatory Commission on August 17 that Gao Yong's stock manipulation case had been announced, and Huang Xiaoming was not listed as a party to the illegal act in this case.
According to the relevant provisions of the Securities Law, when the China Securities Regulatory Commission investigates securities and futures cases, it will take necessary investigation measures, including inquiries, on the units and individuals involved in the investigation, and the units and individuals under investigation should cooperate.Chang Depeng said that the China Securities Regulatory Commission will continue to uphold the principle of strictness in the process of law enforcement. If it is found that others are suspected of participating in the implementation of the operation of this case, once verified, they will be severely punished.
In the early morning of August 15, Huang Xiaoming issued a statement on his personal Weibo saying that he had never participated in any stock manipulation.I don’t know Gao Yong, but I just entrusted Lu to manage the financial management. After my stock account was opened, my mother managed it on my behalf. My mother entrusted the account to Lu to manage the financial management. Through Lu’s introduction, he entrusted Gao Yong to manage it. Gao Yong’s account group engaged in the transactions involved in the case., decided by Gao Yong.My mother and I did not participate in manipulating stocks.Huang Xiaoming said.
Huang Xiaoming also said that this incident was caused by careless financial management, and he apologized for the adverse effects caused, and must learn from it.After this statement, public opinion about Huang Xiaoming's involvement in market manipulation cooled down.
The above-mentioned stock manipulation case refers to the fact that Gao Yong, the illegal subject, used 14 personal securities accounts including Huang Xiaoming and 2 trust accounts to concentrate his capital advantages and manipulate the market by means of continuous trading limit and continuous trading. He was fined 1.8 billion yuan by the China Securities Regulatory Commission.
The above-mentioned 14 people entrusted their securities accounts to others to use, whether they violated the requirements of the China Securities Regulatory Commission on the management of individual securities accounts, the relevant personnel of the China Securities Regulatory Commission did not give a clear response.
In July 2015, the China Securities Regulatory Commission issued the Opinions on Cleaning Up and Rectifying Illegal Securities Business Activities, which clearly stipulates that no institution or individual shall lend their own securities accounts, and shall not borrow other people's securities accounts to buy and sell securities.But there are no clear rules on how to punish.This kind of behavior of directly entrusting personal accounts to others to speculate in stocks is relatively common in society.
It is worth mentioning that on June 15, 2018, the China Securities Depository and Clearing Corporation (hereinafter referred to as China Securities Regulatory Commission) issued a notice on strengthening self-discipline management of violations of the account real-name system in securities violation cases, and willRelevant parties of the real-name system management, in addition to taking measures such as canceling accounts and restricting use, will also take punishment measures such as restricting new accounts for a certain period of time and listing them as key objects of attention.
China Securities Regulatory Commission pointed out that for those who borrow other people's securities accounts and lend their own securities accounts in cases where the China Securities Regulatory Commission has made administrative punishment decisions, a 6-month restriction on opening new securities accounts will be adopted.Within 12 months, if the subject involved in the case applies for opening a new securities account, he must go to the counter of the securities company to handle it.At the same time, securities companies should strictly examine and open accounts prudently.
As for whether the 14 individual securities account groups involved in Gao Yong’s market manipulation case will be subject to self-regulatory supervision, take measures such as canceling accounts and restricting transactions, Chang Depeng, spokesman for the China Securities Regulatory Commission, said that if there is any progress, it will be released in time.■
