章海祥被罚130万，涉内幕交易股票

Core Viewpoint - The Xiamen Securities Regulatory Bureau has issued an administrative penalty decision against Zhang Haixiang for insider trading activities, resulting in a total fine of 1.3 million yuan [4][8]. Group 1: Insider Information Formation and Disclosure - On June 19, 2025, significant events regarding the change of control of a listed company constituted insider information as defined by the Securities Law, with the information being formed no later than June 11, 2025, and disclosed on June 19, 2025 [1]. Group 2: Insider Trading Activities - Zhang Haixiang purchased a total of 94,900 shares of the relevant listed company between June 16 and 17, 2025, with a total investment of 4.4764 million yuan, resulting in a trading loss of 370,178.48 yuan. The timing of the purchases closely aligned with contact with insider information holders, indicating abnormal trading behavior without legitimate reasons or sources [2][6]. Group 3: Recommendations to Others - On June 16, 2025, Zhang Haixiang recommended others to buy shares of the relevant listed company, leading to others purchasing a total of 21,000 shares for a total of 975,000 yuan between June 16 and 19, 2025 [3][7]. Group 4: Penalties Imposed - The Xiamen Securities Regulatory Bureau imposed a fine of 800,000 yuan for the insider trading activities and an additional 500,000 yuan for recommending others to trade, totaling 1.3 million yuan in penalties [4][8].