Core Viewpoint - An investor engaged in abnormal trading behavior to manipulate the stock price of Chicheng Co., leading to significant market impact and subsequent regulatory action [1][3][6]. Group 1: Abnormal Trading Behavior - On December 18, 2025, the investor's account exhibited abnormal trading activities, including price manipulation of Chicheng Co. shares, which resulted in a 30% increase in stock price on that day [2][3]. - Specific trading activities included significant buying volumes during short time frames, with one instance showing a price increase of 5.62% while buying 54,400 shares worth 1.73 million yuan, accounting for 32.13% of total transactions [5]. - The investor's actions led to a situation where the stock price reached its upper limit, triggering abnormal volatility as defined by trading regulations [5]. Group 2: Regulatory Actions - The investor, identified as Li Mouhao, had a history of abnormal trading and had previously faced self-regulatory measures, including account trading suspensions on June 20 and November 7, 2025 [6]. - Following the December 18 incident, the Beijing Stock Exchange imposed a three-month trading restriction on Li's account, effective from December 19, 2025, to March 18, 2026, and recorded this in the securities market integrity archive [6]. - The exchange's decision was based on violations of trading rules, specifically regarding large and continuous orders that deviated significantly from market prices [5][6]. Group 3: Company Response - Chicheng Co. issued a statement acknowledging the abnormal trading fluctuations, noting that the cumulative price deviation over the three trading days leading up to December 18 was 41.17% [7]. - The company's board confirmed that there were no undisclosed matters that could have influenced the stock price, adhering to the disclosure requirements set by the Beijing Stock Exchange [7].
情节严重！这名投资者，拉抬打压股价！交易所火速出手