“抢帽子操纵”升级，雪球大V被罚没超8300万元！

Core Viewpoint - The Zhejiang Securities Regulatory Commission has imposed a penalty exceeding 83 million yuan on Jin Yongrong, a prominent figure in the stock market, for engaging in "hat manipulation" of the securities market, along with a three-year ban from the securities market [1][3]. Group 1: Penalty Details - Jin Yongrong was fined a total of 83.25 million yuan, which includes the confiscation of illegal gains amounting to 41.62 million yuan and an equal amount in fines [3][7]. - The penalty reflects a shift in regulatory focus from traditional market manipulation methods to new forms involving social media influencers [3][7]. Group 2: Trading Behavior - Jin Yongrong's trading activities involved recommending 32 stocks, including "Qidi Environment," "Luwei Optoelectronics," and "Guanghua Technology," followed by significant reverse sell transactions on the same or next day, totaling 630.59 million yuan [1][2]. - The trading pattern exhibited by Jin Yongrong aligns with the characteristics of "hat manipulation," where he sold stocks shortly after recommending them, indicating a clear intent to manipulate the market [2][6]. Group 3: Industry Implications - The case highlights a new trend in market manipulation, shifting from "capital-driven" to "opinion-driven" strategies, utilizing the viral nature of the internet for market influence [2][6]. - The regulatory action against Jin Yongrong is expected to have a deterrent effect on the financial media ecosystem, signaling the end of profit-making models based on exploiting follower bases [3][7].