Individual engaged in insider trading in the stock market made over 6 million in profit, and was fined nearly 25 million by the Securities Regulatory Commission.

On April 30, the China Securities Regulatory Commission (CSRC) website disclosed the administrative penalty decision on the insider trading case of Yi Wenming. After investigation, it was found that Yi Wenming had the following illegal facts: On April 27, 2024, the related company announced a major asset restructuring. This major asset restructuring constitutes a significant event specified in Article 80, paragraph 2, item 2 of the Securities Law and was insider information before being made public. This insider information was formed no later than December 27, 2023, and was made public on April 27, 2024. From February 26, 2024 to April 16, 2024, several individuals with knowledge of the insider information repeatedly informed Yi Wenming about the asset restructuring and its progress. From February 26, 2024 to April 19, 2024, Yi Wenming used his securities account to purchase shares of the related company and made a profit of 6,208,614.34 yuan. The CSRC decided to confiscate the illegal gains of 6,208,614.34 yuan from Yi Wenming's insider trading activities and impose a fine of 18,625,843.02 yuan.