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[introduction] the china securities regulatory commission took action and "super niu san" wang xiaoan was fined!

china fund news reporter lin xue

recently, an administrative penalty decision issued by the china securities regulatory commission has brought wang xiaoan, a "super bull" born after 1965, back into the public eye.

the china securities regulatory commission decided to order wang xiaoan and fang shixiong to make corrections, give them a warning, and impose a fine of 1 million yuan each in accordance with relevant laws and regulations for wang xiaoan's borrowing and fang shixiong's lending of securities accounts and futures accounts.

in fact, supervision has been vigorous and strict. this year, zhang jianping and many other "niu san" were fined by the china securities regulatory commission.

due to borrowing other people’s stock and futures accounts

"super niu san" wang xiaoan was fined

the administrative penalty decision shows that the china securities regulatory commission launched an investigation into wang xiaoan and fang shixiong’s borrowing and lending of securities and futures accounts.

it was found that between march 1, 2020 and october 27, 2023, fang shixiong lent his ordinary accounts and credit users opened at gf securities, as well as ordinary accounts and credit users opened at tianfeng securities. used by wang xiaoan to engage in securities trading.

from august 1, 2022 to october 27, 2023, fang shixiong also lent his futures accounts opened at hengli futures and guohai liangshi futures to wang xiaoan for futures trading.

the china securities regulatory commission believes that wang xiaoan and fang shixiong’s borrowing and lending of securities accounts violated the provisions of article 58 of the securities law and constituted the circumstances described in article 195 of the securities law; wang xiaoan and fang shixiong the act of borrowing or lending futures accounts violates the provisions of paragraph 2 of article 18 of the futures and derivatives law and constitutes the circumstances described in article 128 of the futures and derivatives law.

in the end, the china securities regulatory commission decided: 1. in accordance with the provisions of article 195 of the securities law, wang xiaoan and fang shixiong were ordered to make corrections, given a warning, and fined respectively. a fine of 500,000 yuan.

2. regarding wang xiaoan’s borrowing and fang shixiong’s behavior of lending futures accounts, in accordance with article 128 of the futures and derivatives law, wang xiaoan and fang shixiong were ordered to make corrections, given a warning, and each was fined 500,000 yuan. fine.

article 195 of the securities law stipulates: “anyone who violates the provisions of article 58 of this law by lending his or her own securities account or borrowing another person’s securities account to engage in securities transactions shall be ordered to make corrections, given a warning, and may be fined up to five years. a fine of less than 100,000 yuan.”

wang xiaoan was once known as the "super niu san" in the market. public information shows that at the end of 2023, wang xiaoan appeared in china publishing, china science and technology information, xinhuanet, huace film and television, china science and technology, meirui new materials, etc. the list of the top ten tradable shareholders of 6 listed companies has a total shareholding value of 717 million yuan. however, this year his name did not appear on the list of shareholders of listed companies and seemed to have disappeared from the market.

many "niu san" were fined by supervision

in fact, many "niu san" have been punished by the china securities regulatory commission this year due to violations of laws and regulations.

for example, in may this year, the china securities regulatory commission announced an administrative penalty decision against "niu san" zhang jianping and fang deji. from march 1, 2020 to october 27, 2023, zhang jianping illegally borrowed other people's securities accounts to engage in securities transactions. the lender was zhang jianping's father-in-law fang deji. both of them were fined a maximum of 500,000 yuan by the china securities regulatory commission.

in march this year, the administrative penalty decision issued by the china securities regulatory commission showed that from december 15, 2020 to november 17, 2021, wang bin controlled the use of 87 securities accounts to trade "dianguang technology" stocks. advantages include continuous buying and selling, trading between accounts actually controlled by oneself, etc., which affects the trading price and trading volume of "dianguang technology" stock. in the end, the china securities regulatory commission fined wang bin “no one and two fines”, with a total fine of about 270 million yuan.

in march this year, an administrative penalty decision published on the website of the china securities regulatory commission showed that chen jilei, a post-80s "niu san", once controlled 63 accounts to buy "dianguang technology" and once crossed the line for raising cards but failed to fulfill the report and announcement despite the obligation, he continued trading, buying 470 million yuan and selling 219 million yuan during the period, resulting in a loss of over 13.53 million yuan. due to violation of relevant provisions of the securities law, chen jilei was given a warning and fined 2 million yuan.

editor: xiaomo

review: muyu

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