Fast forward fast out buy low sell Ningbo Bank director Short-term trading violation

Bank of Ningbo (002142.　　SZ) today announced that the company's director Shili public August 30 to buy 18,000 shares of Ningbo Bank, and August 31 sold 4500 shares, is a violation of trading stocks.　　Yesterday, Ningbo Bank volume rose 4.95%, closed at 13.15 Yuan, creating a new 5-month high, the bank shares the first.　　Shili on August 30 to buy 18,000 shares of Ningbo Bank, the average price of 12.7 yuan/shares, after a day and 12.66 yuan/share sold 4500 shares sold, the behavior is within 6 months two-way operation.　　The Securities Act stipulates that executives of listed companies and shareholders who hold more than 5% per cent of the shares of a listed company sell their shares within 6 months after their purchase, or buy them within 6 months of the sale, and the proceeds are owned by the company.　　China Merchants Securities banking analyst Wang Yu August 29 reported that the growth of the Bank of Ningbo is ranked as the industry leader, the ability to absorb the leading comparable peers, valuation has been overdrawn financing growth expectations, short-term downgrade.　　Ningbo Bank insiders told the "first financial daily" that when the account is other people in the operation, but the specific situation is not very understanding.　　Data show that the current group of Ningbo Development and Investment Corporation Vice chairman, Deputy Secretary of the party committee, since January 2005 as a director of Ningbo Bank.　　Because when the crowd is shoplifting low sell, no need to turn over the income, when the audience promised to no longer buy the shares of Ningbo Bank in the six months since yesterday, its currently holds 13,500 shares. Ningbo Bank said it will further strengthen the company's directors, supervisors, senior managers and holders of listed companies more than 5% of the education of shareholders, to prevent such incidents from happening again.