Core Viewpoint - The Ningbo Securities Regulatory Bureau has revealed a significant insider trading case involving Li Jungang, who profited approximately 260,000 yuan by trading shares of Qitian Technology after overhearing insider information about a private placement [2][3][4]. Group 1: Insider Trading Details - Li Jungang overheard discussions about a private placement involving Qitian Technology on April 15, 2024, and subsequently bought 72,800 shares on April 29, 2024, for approximately 303,400 yuan [5][8]. - The insider information was related to Qitian Technology's plan to issue shares to Shenzhen Qicaihong Haoyue Technology Co., which would result in Qicaihong becoming the controlling shareholder of Qitian Technology [5][6]. - Following the announcement of the private placement on July 26, 2024, Qitian Technology's stock experienced significant price increases, with multiple days of 20% price limits [6]. Group 2: Regulatory Actions and Penalties - The Ningbo Securities Regulatory Bureau decided to confiscate Li Jungang's illegal gains of approximately 260,000 yuan and impose an additional fine of 800,000 yuan, totaling over 1,060,000 yuan in penalties [3][10]. - The bureau stated that Li Jungang's actions violated multiple provisions of the Securities Law, constituting insider trading [8][10]. - Despite Li Jungang's defense that he did not intentionally seek insider information and that the calculation of illegal gains was incorrect, the regulatory body maintained that the evidence was sufficient and the penalties were justified [9][10].

内幕交易获利超 26 万元 【导读】宁波证监局披露内幕交易案：李君刚内幕交易旗天科技，被罚没超 106 万元 中国基金报记者 林雪 近日，宁波证监局公布了一则行政处罚决定书，揭露了一起颇具戏剧性的内幕交易案。李君 刚在办公室门口偶然听到关于旗天科技定增的内幕信息后，操作亲属账户买入该股票，成交 金额约为 30 万元，最终盈利约 26 万元。 宁波证监局决定，对李君刚没收违法所得约 26 万元，并处以 80 万元的罚款，合计罚没金额 超 106 万元。 | 索 引 号 | bm56000001/2025-00010273 | से 类 | 行政执法;行政处罚决定 | | --- | --- | --- | --- | | 发布机构 | 宁波证监局 | 发文日期 | 2025年08月29日 | | 名 称 | 中国证券监督管理委员会宁波监管局行政处罚决定书(李君刚) | | | | 文 팀 | 行政处罚决定书〔2025〕6号 | 主题词 | | 在办公室门口听到定增合作事项 在听证会及陈述申辩材料中，李君刚及其代理人提出了三点申辩： 第一，李军刚并非故意刺探获取内幕信息。他偶然听到万某和韩某的可能开展合作的谈话， ...

Core Viewpoint - The Ningbo Securities Regulatory Bureau has imposed administrative penalties on Li Jungang for insider trading, resulting in the confiscation of illegal gains and a fine due to his actions during a sensitive period related to Qitian Technology's stock [2][8][11]. Group 1: Insider Trading Details - Li Jungang overheard insider information regarding Qitian Technology while at the office and subsequently traded shares through a relative's account, resulting in a profit of approximately 260,000 yuan from an investment of about 303,395 yuan [2][4][8]. - The insider information was related to Qitian Technology's search for a partner for a private placement from 2022 to early 2023, culminating in a strategic cooperation agreement signed on April 19, 2024 [4][5][6][7]. Group 2: Regulatory Actions - The Ningbo Securities Regulatory Bureau determined that Li Jungang's actions violated the Securities Law, specifically regarding insider trading, and decided to confiscate his illegal gains of 260,022.03 yuan and impose an 800,000 yuan fine [8][11]. - The investigation included evidence such as transaction records and testimonies, confirming that Li Jungang's trading was influenced by the insider information he overheard [8][10].

Core Viewpoint - The Ningbo Securities Regulatory Bureau has imposed a penalty on Li for insider trading, where he profited 260,000 yuan by trading shares of Qitian Technology based on non-public information overheard in a conversation [1][3]. Group 1: Insider Trading Incident - Li overheard a conversation about a potential capital increase involving Qitian Technology on April 15, 2024, and subsequently traded shares through a relative's account on April 29, 2024, resulting in a profit of 260,000 yuan [2][3]. - The insider information was deemed to have been formed no later than April 15, 2024, and was publicly disclosed on July 26, 2024 [2]. Group 2: Regulatory Actions - The Ningbo Securities Regulatory Bureau conducted an investigation and held a hearing on August 8, 2025, where Li's defense was presented, although he did not attend [2][3]. - The Bureau concluded that Li's actions violated multiple provisions of the Securities Law, constituting insider trading as defined in Article 191 [3][6]. Group 3: Defense and Penalty - Li claimed he did not intentionally seek insider information and used the relative's account to support them financially through stock trading [4][5]. - The Bureau found the calculation of illegal gains to be accurate, confirming the use of the "last in, first out" method for determining profits, and decided to impose a fine of 800,000 yuan along with the confiscation of the illegal gains [6][7].

Core Viewpoint - The Ningbo Securities Regulatory Bureau has issued a penalty related to insider trading involving an individual named Li, who profited from trading "Qitian Technology" stock after overhearing insider information [1] Group 1: Insider Trading Incident - Li overheard insider information in the office and subsequently used a relative's account to purchase "Qitian Technology" stock, with a transaction amount of approximately 300,000 yuan and a profit of 260,000 yuan [1] - Li claimed that he did not intentionally seek out insider information but rather heard it by chance [1] - The use of a relative's account for trading was justified by Li as a means to gain profits to support his relative [1]

Core Viewpoint - The Ningbo Securities Regulatory Bureau has issued a penalty for insider trading involving an individual named Li, who profited from trading shares of Qitian Technology after overhearing insider information [1][2][3]. Group 1: Insider Trading Incident - Li overheard discussions about a private placement involving Qitian Technology on April 15, 2024, and subsequently traded shares through a relative's account, resulting in a profit of approximately 260,000 yuan [2][3]. - The insider information was confirmed to be significant and was not publicly disclosed until July 26, 2024, indicating that Li's trading occurred during a sensitive period [2][3]. Group 2: Legal Proceedings and Defense - Li claimed that he did not intentionally seek out insider information and used the relative's account to support family members through stock trading [4][5]. - During the hearing, Li's defense argued that the calculation of illegal gains was incorrect, suggesting a different method of calculation that would yield a lower amount [5]. Group 3: Regulatory Findings and Penalty - The Ningbo Securities Regulatory Bureau concluded that Li's actions constituted insider trading as defined by securities law, and the evidence was deemed sufficient to support this conclusion [3][6]. - The Bureau decided to confiscate Li's illegal gains of 260,022.03 yuan and imposed an additional fine of 800,000 yuan, taking into account Li's cooperation during the investigation [6][7].

Core Viewpoint - The article discusses a case of insider trading involving an individual named Li, who profited from trading shares of Qitian Technology after overhearing confidential information about a stock issuance [1][4]. Summary by Sections Insider Trading Case - The Ningbo Securities Regulatory Bureau issued a penalty against Li for insider trading, where he used a relative's account to buy Qitian Technology shares, resulting in a profit of approximately 260,000 yuan from a transaction amounting to about 303,400 yuan [1][4]. Defense Arguments - Li claimed that he did not intentionally seek insider information but rather overheard a conversation about a potential collaboration between two individuals [2][5]. - He stated that the use of his relative's account was to help subsidize them through stock trading profits [2][6]. Investigation and Findings - The investigation confirmed that Li's actions violated securities laws, specifically regarding insider trading, as he acted on information that was not publicly disclosed until July 26, 2024 [3][4]. - Evidence included transaction records and testimonies, which supported the conclusion that Li's trading was based on insider information he overheard on April 15, 2024 [3][4]. Regulatory Decision - The Ningbo Securities Regulatory Bureau found the evidence sufficient to impose penalties, including the confiscation of illegal gains and a fine of 800,000 yuan [9]. - The calculation of illegal gains was deemed accurate, following the "last in, first out" method, which aligns with regulatory practices [8][9].

彭博：香港正在对有关内幕交易的指控进行调查，其中涉及港交所和证监会监管人员以及社交媒体影响者。据悉调查已持续数月，监管人员被调查是否在过去几年中向其他人透露了涉及数十家上市公司即将发布的公告。 https://t.co/nh0DLtCEu8 ...

General Provisions - The management measures for the shares held by directors and senior management of the company are established to strengthen the management of shareholding and changes in accordance with relevant laws and regulations [1][2] - These measures apply to all shares held by directors and senior management, including those held in others' accounts and those recorded in credit accounts for margin trading [2] Trading Restrictions - Directors and senior management must consult the company secretary before trading shares to ensure compliance with regulations [3] - There are specific circumstances under which shares cannot be transferred, such as within six months after leaving the company or during investigations by regulatory authorities [5][6] Trading Prohibitions - Directors and senior management are prohibited from trading shares during certain periods, including 15 days before the annual and semi-annual reports and 5 days before quarterly reports [7] - They must also ensure that certain individuals do not trade based on insider information [8] Reporting and Disclosure - The company secretary is responsible for managing the shareholding data of directors and senior management and must report any violations to regulatory authorities [15] - Directors and senior management must report any changes in their shareholdings within two trading days and disclose relevant details [22] Violations and Responsibilities - The company can impose penalties on directors and senior management for violations of these measures, including warnings, demotions, or legal actions [25] - Any profits gained from illegal trading must be returned to the company, and violations may lead to civil or criminal liability [25][26] Implementation - These measures will take effect from the date the company's H shares are listed on the Hong Kong Stock Exchange [30]

Group 1 - On August 28, 2025, Huida Technology had a financing buy-in of 1.48 billion yuan and a financing repayment of 1.33 billion yuan, resulting in a net financing buy of 15.0755 million yuan [2] - On August 25, 2025, Huida Technology announced that its president, Liu Yuping, received a notice of investigation from the China Securities Regulatory Commission (CSRC) for suspected insider trading [3] - Investors who suffered losses due to the alleged insider trading by the company's senior management can seek compensation, specifically those who bought shares between the company's listing and August 25, 2025, and held them until the market close on that date [3] Group 2 - On August 21, 2025, Huida Technology held its 11th meeting of the 5th Board of Directors, where several resolutions were passed, including the approval of the 2025 semi-annual report and amendments to corporate governance systems [4] - Huida Technology was established in 2002 and is located in Shenzhen, Guangdong Province [5]