Core Viewpoint - The article discusses the severe penalties imposed on a well-known investor, Tu Wenbin, by the China Securities Regulatory Commission (CSRC) for manipulating stock prices, highlighting the regulatory actions against market manipulation in China [1][5]. Summary by Sections Regulatory Actions - The CSRC's administrative penalty decision revealed that Tu Wenbin controlled multiple accounts to manipulate stock prices through various illegal methods, resulting in illegal gains of approximately 36.27 million yuan [4][5]. - The total fines and confiscated illegal gains amount to nearly 77 million yuan, with specific penalties including the confiscation of 34.86 million yuan and a fine of 34.86 million yuan for actions with illegal gains over 300,000 yuan [6][5]. Previous Violations - This is not Tu Wenbin's first offense; he was previously penalized in 2017 for violating securities laws related to trading in a specific stock, which resulted in a warning and a fine of 100,000 yuan [7][8]. Shareholding Changes - Tu Wenbin and his spouse, Shi Yuqing, were notable for their significant shareholding in Baoxin Technology, but their holdings have since decreased below 5% as of May 2023, with further reductions expected in future reports [9]. - As of the latest quarterly report, Tu Wenbin and Shi Yuqing only appear as significant shareholders in two companies, with reduced holdings compared to previous years [9].
证监会出手!知名牛散屠文斌,被重罚
证券时报·2025-06-14 03:53