Securities practitioners Zhan Xiang violated rules by trading stocks, and was fined 159 million yuan by the China Securities Regulatory Commission and also banned from the market for 5 years.

The China Securities Regulatory Commission issued an administrative penalty decision against Zhan Xiang, who is under investigation as a securities practitioner for engaging in illegal stock trading activities. It was found that during the period in question, Zhan Xiang, as a securities practitioner, engaged in illegal investment and trading of multiple company stocks through the account of others. From February 2018 to October 2024, Zhan Xiang controlled and used multiple accounts of others to hold and trade multiple stocks. The CSRC decided to order Zhan Xiang to dispose of the illegally held stocks according to law and impose a total fine of 159,497,159.49 yuan. Considering that Zhan Xiang controlled and used multiple accounts to hold and trade stocks for a long period of time during his employment, with serious consequences, the CSRC imposed a 5-year ban on Zhan Xiang from the securities market.