严打异常交易！上交所、深交所共同出手

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges have imposed penalties on Ningbo Lingjun Investment Management Partnership for abnormal trading activities, which significantly impacted market order and led to a temporary suspension of trading for related products [1]. Group 1: Abnormal Trading Activities - On February 19, Ningbo Lingjun sold stocks worth 1.195 billion yuan in the Shanghai market within a minute, accounting for a significant portion of the market's trading volume, causing the Shanghai Composite Index to drop by 0.65% [1]. - In the Shenzhen market, multiple accounts under Ningbo Lingjun executed automated trading commands, selling stocks worth 1.372 billion yuan in just over 40 seconds, leading to a rapid decline in the Shenzhen Component Index [1]. Group 2: Regulatory Response - From February 20 to February 22, 2024, the exchanges will implement a suspension of trading for the relevant products managed by Ningbo Lingjun, alongside initiating a public reprimand against the firm [1]. - The China Securities Regulatory Commission (CSRC) plans to enhance monitoring of key investors' trading behaviors and intensify efforts to combat abnormal trading and market manipulation [1]. - The Shanghai and Shenzhen Stock Exchanges reaffirm their commitment to strict regulatory oversight, emphasizing the need to protect investors' rights and maintain orderly market conditions [1].