雪球大V“抢帽子操纵”市场 被浙江证监局罚没超8300万元

Core Viewpoint - The Zhejiang Securities Regulatory Bureau has imposed a penalty exceeding 83 million yuan on Jin Yongrong for engaging in "hat-snatching manipulation" of the securities market, along with a three-year ban from the securities market [1][3]. Group 1: Case Details - Jin Yongrong, known as "Jin Huo" on the Xueqiu platform, has over 107,000 followers and an average post reading volume of 1.3 million from September 2024 to April 2025, indicating significant influence in the securities investment field [1]. - From September 2, 2024, to April 16, 2025, Jin Yongrong publicly recommended 32 stocks, including "Qidi Environment," "Luwei Optoelectronics," and "Guanghua Technology," and executed large reverse sell transactions on the same or next day, totaling 630.59 million yuan in trading volume and 41.62 million yuan in illegal gains [1][2]. Group 2: Regulatory Implications - The case illustrates a shift in market manipulation tactics from "capital-driven" to "opinion-driven," utilizing the viral nature of the internet for enhanced market manipulation [2]. - The regulatory response signifies a broader crackdown on new forms of manipulation involving social media influencers, emphasizing that "traffic equals influence, and influence equals responsibility" [3]. - The penalty and market ban are expected to deter similar practices in the financial media ecosystem, marking the end of profit-driven models based on exploiting followers [3].