Limited "Wu Baojin account" one-month trading SSE again severely punish short-term manipulation

The Shanghai Stock Exchange recently imposed punitive measures on its one-month-long deal in response to a recent spate of suspected short-term manipulation by individual investor Wu Baojin accounts. This is the last June Shanghai to the Sino-Military photoelectric (600435.　　SH) about the investors suspected of short-term manipulation behavior to limit the transaction after the sale of another shot. SSE related personage discloses, this year, the SSE through to the short-term control and so on the violation behavior surveillance discovers, a Wu Baojin individual investor's account in the recent transaction very frequently, successively in *st Tianlong (600234.SH), the Asian Sheng Group (600108.　　SH) and Zhejiang Big Net new (600797.SH) and so on a number of stock transactions suspected of short-term manipulation.　　This kind of short-term manipulation is usually used to declare frequently and frequently revoke the declaration, or the use of large single trading way, not the actual purchase transaction for the purpose, but the impact of other investors on the corresponding stock supply and demand and price trend of judgment, thus misleading other investors follow suit.　　Since then, the SSE has repeatedly taken a series of regulatory measures, including verbal and written warnings, against the Wu Baojin account, but that type of activity has not ceased.　　"Because of the serious disruption of the normal trading order in the securities market and the negative impact on the investment decisions of other investors," the SSE finally decided to take one months ' disciplinary action against the account. According to the people of Shanghai, last June, the SSE of "the military photoelectric" in the relevant investors suspected of short-term manipulation of restrictions on transaction transactions, this action to curb short-term manipulation has played a certain effect. But this year, the use of funds for individual accounts through frequent false declaration of withdrawal behavior and often, such short-term manipulation by some of the use of hot money, a gradual diffusion trend; In order to warn such irregularities and maintain normal trading order, SSE will take a series of self-regulatory measures including restricting account transactions. At the same time, SSE will study and improve the long-term mechanism to combat short-term manipulation, and further increase the regulation of typical illegal trading behavior.