The China Securities Regulatory Commission issued an administrative penalty decision to investigate Zhou Jifeng and Zhou Jihui's manipulation of the securities market. It was discovered that Zhou Jifeng and Zhou Jihui had the following illegal facts: From April 20, 2021 to June 5, 2023, Zhou Jifeng and Zhou Jihui controlled the use of multiple securities accounts to manipulate related stocks. During the manipulation period, Zhou Jifeng and Zhou Jihui influenced the trading price and trading volume of related stocks through continuous trading with concentrated capital advantages and shareholding advantages, and trading between accounts they actually controlled, etc., and the illegal proceeds were 81,951,026.14 yuan. The Securities Regulatory Commission decided to order Zhou Jifeng and Zhou Jihui to dispose of illegally held shares in accordance with the law, and to seize the illegal proceeds of Zhou Jifeng and Zhou Jihui of 81,951,026.14 yuan, of which Zhou Jifeng bears 65,560,820.91 yuan and Zhou Jihui bears 16,390,205.23 yuan; and imposed a fine of 245,853,078.42 yuan, of which Zhou Jifeng was fined 196,682,462.74 yuan, and Zhou Jihui was fined 49,170,615.68 yuan. Zhou Jifeng was banned from entering the securities market for 5 years. From the date the decision was announced, during the prohibited period, apart from continuing to engage in securities business, securities service business, or the position of director, supervisor, or senior manager of the original securities issuer, you must not engage in securities business, securities service business, or hold the position of director, supervisor, or senior manager of any other securities issuer in any other institution. Zhou Jifeng was banned from trading in the securities market for 3 years. From the date I announced my decision, during the ban period, all securities listed or listed on the stock exchange may not be traded directly or under a pseudonym or under another person's name.
Zhitongcaijing · 1d ago
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The China Securities Regulatory Commission issued an administrative penalty decision to investigate Zhou Jifeng and Zhou Jihui's manipulation of the securities market. It was discovered that Zhou Jifeng and Zhou Jihui had the following illegal facts: From April 20, 2021 to June 5, 2023, Zhou Jifeng and Zhou Jihui controlled the use of multiple securities accounts to manipulate related stocks. During the manipulation period, Zhou Jifeng and Zhou Jihui influenced the trading price and trading volume of related stocks through continuous trading with concentrated capital advantages and shareholding advantages, and trading between accounts they actually controlled, etc., and the illegal proceeds were 81,951,026.14 yuan. The Securities Regulatory Commission decided to order Zhou Jifeng and Zhou Jihui to dispose of illegally held shares in accordance with the law, and to seize the illegal proceeds of Zhou Jifeng and Zhou Jihui of 81,951,026.14 yuan, of which Zhou Jifeng bears 65,560,820.91 yuan and Zhou Jihui bears 16,390,205.23 yuan; and imposed a fine of 245,853,078.42 yuan, of which Zhou Jifeng was fined 196,682,462.74 yuan, and Zhou Jihui was fined 49,170,615.68 yuan. Zhou Jifeng was banned from entering the securities market for 5 years. From the date the decision was announced, during the prohibited period, apart from continuing to engage in securities business, securities service business, or the position of director, supervisor, or senior manager of the original securities issuer, you must not engage in securities business, securities service business, or hold the position of director, supervisor, or senior manager of any other securities issuer in any other institution. Zhou Jifeng was banned from trading in the securities market for 3 years. From the date I announced my decision, during the ban period, all securities listed or listed on the stock exchange may not be traded directly or under a pseudonym or under another person's name.
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