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The China Securities Regulatory Commission recently issued two administrative penalty decisions regarding Feng Yuefeng.

The penalty decision shows that Feng Yuefeng, male, was born in November 1984 and his address is Shanghai.

From June 26, 2017 to July 2, 2018, Feng Yuefeng controlled and used a group of accounts to manipulate the trading prices and volumes of three stocks, including "Kanghui Pharmaceutical", "Kangsheng Co., Ltd." and "Kolida", making a total profit of 1,454,511.85 yuan.The CSRC decided to confiscate Feng Yuefeng’s illegal gains of RMB 1,454,511.85 and impose a fine of RMB 4,363,535.55.

From March 20 to October 11, 2017, Feng Yuefeng and Song Xiaoping controlled and used Feng Yuefeng's account group and Song Xiaoping's account group respectively to jointly manipulate the trading prices and volumes of four stocks, including "Zhenhai Shares", "Meiji Shares", "Huati Technology" and "Riying Electronics", and made a total profit of 24,053,060.83 yuan. The CSRC decided to confiscate the illegal gains of 24,053,060.83 yuan for the joint illegal acts of Feng Yuefeng and Song Xiaoping, includingFeng Yuefeng shall bear RMB 12,691,398.98, Song Xiaoping shall bear RMB 11,361,661.85; and be fined RMB 72,159,182.49,Of which, Feng Yuefeng shall bear RMB 38,074,196.94, Song Xiaoping shall bear RMB 34,084,985.55.

It can be seen that Feng Yuefeng alone participated in the manipulation of seven stocks, namely, Kanghui Pharmaceutical, Kangsheng Shares, Kelida, Zhenhai Shares, Meizhi Shares, Huati Technology, and Riying Electronics.The amount of profit involved in the case is 25.5076 million, the totalConfiscationThe illegal income was 141.459 million yuan, and a fine of 42.4377 million yuan was imposed, with a total of 56.5836 million yuan in fines and confiscations.

It is worth noting that Feng Yuefeng was administratively punished by the China Securities Regulatory Commission in March 2016 for participating in market manipulation.

From May 2014 to December 2014, Zhu Dehong, then chairman, general manager and actual controller of Jiangsu Hongda New Materials Co., Ltd. (hereinafter referred to as Hongda New Materials), conspired with Shanghai Yongbang Investment Co., Ltd. (hereinafter referred to as Shanghai Yongbang) to use their information advantage to continuously buy and sell, and trade between accounts actually controlled by themselves, affecting the stock trading price of "Hongda New Materials". In addition, Shanghai Yongbang used its financial advantage to continuously buy and sell, and trade between accounts actually controlled by itself, affecting the stock trading price of "Jinhe Industrial". Yang Shaodong was the directly responsible supervisor for the above-mentioned behavior of Shanghai Yongbang, and Feng Yuefeng was the other directly responsible person.

Zhu Dehong's transaction with Shanghai Yongbang for "Hongda New Materials" violated Article 77 of the Securities Law. In accordance with Article 203 of the Securities Law, the CSRC decided to impose a maximum fine of RMB 3 million on Zhu Dehong and a maximum fine of RMB 3 million on Shanghai Yongbang; and to give a warning to Yang Shaodong and impose a maximum fine of RMB 600,000 on him.Feng Yuefeng was given a warning and fined 100,000 yuan.Shanghai Yongbang's transaction of "Jinhe Industrial" violated Article 77 of the Securities Law. In accordance with Article 203 of the Securities Law, the CSRC decided to impose a maximum fine of 3 million yuan on Shanghai Yongbang, a warning on Yang Shaodong and a maximum fine of 600,000 yuan, and a warning on Feng Yuefeng and a fine of 100,000 yuan.

Daily Economic News is compiled from the official website of the China Securities Regulatory Commission

Daily Economic News