CSRC takes a heavy hand, 3 individuals manipulating stocks fined 750 million yuan.

date
18/05/2025
Recently, the China Securities Regulatory Commission issued a fine against He Moru for market manipulation. He Moru controlled multiple securities accounts, concentrated financial advantages, and manipulated the related stocks by "locking in the limit up" method, making a total profit of 1.47 billion yuan, constituting market manipulation behavior. He was fined a total of 2.94 billion yuan by the China Securities Regulatory Commission. It was noted that this year, the China Securities Regulatory Commission has already issued three billion-yuan fines for market manipulation. In February of this year, Yang manipulated stocks such as "Annear", making a profit of 1.4 billion yuan and being fined 2.8 billion yuan. In February of this year, Xie manipulated stocks such as "Chongqing Three Gorges A", making a profit of 81.4526 million yuan and being fined 1.77 billion yuan.