Core Viewpoint - Zhejiang Haokun Shengfa Asset Management Co., Ltd. has been found to engage in abnormal trading behaviors that violate the trading rules of the Beijing Stock Exchange, leading to self-regulatory measures being imposed on its accounts [2][3]. Group 1: Violations and Trading Activities - Zhejiang Haokun Shengfa was involved in abnormal trading activities with three securities accounts, which included price manipulation of the stock "Huawi Design" (stock code: 920427) [2]. - From January 21 to January 22, 2026, the closing price of "Huawi Design" experienced a cumulative increase of 68.07%, triggering abnormal trading conditions [2]. - On January 23, 2026, the accounts continued to manipulate the stock price, with a price increase of 6.42% during a specific time frame, and a total purchase of 436,700 shares amounting to 10.1374 million yuan, representing 67.90% of the total trading volume [2][3]. Group 2: Regulatory Actions - The Beijing Stock Exchange determined that the trading activities violated Article 6.2 of the trading rules, which prohibits significant and continuous trading that deviates from market prices [3]. - Despite previous self-regulatory measures taken against Zhejiang Haokun Shengfa for similar violations, the company continued its abnormal trading practices [3]. - As a result, the exchange imposed a three-month trading restriction on the relevant accounts, effective from January 26 to April 25, 2026 [3]. Group 3: Company Response - "Huawi Design" issued an announcement regarding the abnormal trading fluctuations, confirming that there were no significant changes in its operational environment or undisclosed major events affecting its stock price [4].

Group 1 - The Shenzhen Stock Exchange has suspended trading for certain investors related to Fenglong Co., Ltd. (002931) due to abnormal trading activities, including price manipulation and false declarations [1] - From January 19 to January 23, 2026, the Shenzhen Stock Exchange took self-regulatory measures against 326 instances of abnormal trading behavior, including monitoring companies with suspected financial data misrepresentation [1] - Fenglong Co., Ltd. has experienced significant stock price volatility, leading to multiple risk warning announcements and a series of trading suspensions for related investors [1] Group 2 - As of January 23, 2026, Fenglong Co., Ltd. achieved an 18-day consecutive price increase, with the latest stock price at 99.53 yuan per share and a total market capitalization of 21.748 billion yuan [2] - The company announced a share transfer agreement with UBTECH Robotics Corp., which will lead to a change in the controlling shareholder and actual controller of Fenglong Co., Ltd. [4] - The company stated that its main business remains focused on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic parts, with no significant changes reported [4]

Group 1 - The Shenzhen Stock Exchange has suspended trading for certain investors related to Fenglong Co., Ltd. (002931) due to abnormal trading activities, including price manipulation and false declarations [2] - As of January 23, Fenglong Co., Ltd. has achieved an 18-day consecutive price increase, with the latest stock price at 99.53 yuan per share and a total market capitalization of 21.748 billion yuan [3] - Fenglong Co., Ltd. announced a share transfer agreement with UBTECH Robotics Corp., which will lead to a change in the company's controlling shareholder. The company maintains that its main business remains unchanged, focusing on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic components [5] Group 2 - The company has indicated that its stock price has significantly deviated from its fundamental value, warning of potential risks associated with market sentiment and irrational speculation. It may apply for another trading suspension if the stock price continues to rise abnormally [5]

Core Viewpoint - The Shenzhen Stock Exchange has suspended trading for investors involved in abnormal trading activities related to Fenglong Co., Ltd. (002931) due to significant stock price fluctuations and regulatory scrutiny [1][7]. Group 1: Regulatory Actions - From January 19 to January 23, 2026, the Shenzhen Stock Exchange took self-regulatory measures against 326 instances of abnormal trading behavior, including price manipulation and false declarations [1][7]. - The exchange is monitoring companies like "*ST Lifan" and "*ST Changyao" for suspected financial data misrepresentation, and has reported one case of suspected illegal activity to the China Securities Regulatory Commission [1][7]. Group 2: Stock Performance - As of January 23, 2026, Fenglong Co., Ltd. achieved an 18-day consecutive trading limit increase, with the latest stock price at 99.53 yuan per share and a total market capitalization of 21.748 billion yuan [2][8]. Group 3: Company Announcements - On December 24, 2025, Fenglong Co., Ltd. signed a share transfer agreement with UBTECH Robotics Corp., which plans to take control of the company through a combination of agreement transfer and tender offer [4][10]. - The company stated that its main business remains focused on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic components, with no significant changes reported [4][10]. - Fenglong Co., Ltd. cautioned that its stock price has significantly deviated from its fundamental value, indicating risks of market overheating and irrational speculation [4][10].

Core Viewpoint - The article discusses the recent abnormal trading activities related to Fenglong Co., Ltd. (002931), highlighting regulatory actions taken by the Shenzhen Stock Exchange due to significant stock price fluctuations and potential market manipulation [2][6]. Group 1: Regulatory Actions - The Shenzhen Stock Exchange reported a total of 326 abnormal trading behaviors from January 19 to January 23, 2026, involving actions such as price manipulation and false declarations [2]. - Fenglong Co., Ltd. experienced severe stock price volatility, leading to a suspension of trading and multiple risk warning announcements. After resuming trading, the stock hit consecutive daily price limits [2][3]. - The exchange has implemented self-regulatory measures, including suspending trading for certain investors involved in abnormal trading activities [2]. Group 2: Company Overview - As of January 23, 2026, Fenglong Co., Ltd. achieved an 18-day consecutive price increase, with the latest stock price at 99.53 yuan per share and a total market capitalization of 21.748 billion yuan [3]. - The company announced a share transfer agreement with UBTECH Robotics Corp., which will lead to a change in the controlling shareholder. The transaction will be executed through a combination of agreement transfer and tender offer [5]. - Fenglong Co., Ltd. stated that its main business remains focused on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic components, with no significant changes reported [5]. Group 3: Market Sentiment - The company indicated that its stock price has significantly deviated from its fundamental value, suggesting risks of market over-exuberance and irrational speculation [6]. - There is a possibility that if the stock price continues to rise abnormally, the company may apply for another trading suspension for further investigation [6].

Group 1 - The Shenzhen Stock Exchange implemented self-regulatory measures on 326 instances of abnormal trading behavior from January 19 to January 23, 2026, involving activities such as market manipulation and false declarations [1] - Companies "*ST Lifan" and "*ST Changyao" are under close monitoring due to suspected false financial reporting, as they are being investigated by the China Securities Regulatory Commission [1] - The stock price of Fenglong Co., Ltd. experienced significant abnormal fluctuations, leading to a suspension for investigation and multiple risk warning announcements, with the stock hitting a limit-up after resuming trading [1] Group 2 - As of January 23, Fenglong Co., Ltd. achieved an 18 consecutive limit-up streak, with a total increase of over 450% since the rally began on December 17, 2025 [1] - Despite the high volatility and risk of speculation, Fenglong Co., Ltd. continued to issue announcements warning about the potential for significant short-term price fluctuations [1] - The company announced a suspension for investigation on January 13 but resumed trading with continued limit-up performance [1]

Group 1 - The core viewpoint of the article highlights the significant abnormal fluctuations in the stock price of "*ST Chengchang," leading to a suspension of trading and subsequent risk warning announcements by the Shenzhen Stock Exchange [1] - On January 15, *ST Chengchang announced the completion of its review, and the stock resumed trading on January 16, opening with a limit down before quickly rebounding to a limit up, reaching a price of 128.98 yuan per share [1] - The stock has experienced 11 limit up days in the last 12 trading sessions, indicating a strong upward trend in its price [1] Group 2 - The article mentions that the Shenzhen Stock Exchange has taken self-regulatory measures against certain investors for engaging in abnormal trading behaviors that disrupted normal trading order [1] - The company is noted for its rapid growth, with plans for an IPO and nearly 3,000 stores, generating an annual revenue of 11.7 billion yuan [4]

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 by the Beijing Stock Exchange [1][5]. Group 1: Abnormal Trading Behavior - On December 18, 2025, the investor's actions included both price manipulation and significant buying and selling activities, resulting in a stock price increase of 30% for Chicheng Co. [3][5]. - The investor's account was involved in multiple instances of abnormal trading, with specific transactions showing substantial buying volumes that contributed to price spikes [7][8]. - The investor's account had previously faced self-regulatory measures due to similar violations, indicating a pattern of misconduct [2][8]. Group 2: Regulatory Response - The Beijing Stock Exchange imposed a three-month trading restriction on the investor's account starting December 19, 2025, due to the severity of the violations [2][8]. - The exchange's decision was based on the investor's repeated offenses and the significant market impact of their trading activities, which violated established trading rules [8]. - The exchange's actions were documented in the investor's integrity record within the securities and futures market [8]. Group 3: Company Response - Chicheng Co. issued a statement acknowledging the abnormal trading fluctuations, reporting a cumulative price deviation of 41.17% over three trading days [10]. - The company's board confirmed that there were no undisclosed matters that could have influenced the stock price, ensuring compliance with disclosure regulations [10].

Group 1 - "*ST Suwu" (600200) has received a decision from the Shanghai Stock Exchange to terminate its stock listing, effective December 1, 2025, with a trading period for delisting starting on December 9, 2025, lasting for 15 trading days [1] - The Shanghai Stock Exchange will implement strict measures against abnormal trading behaviors related to the aforementioned stocks, which may include monitoring accounts, suspending trading, and restricting account activities [2] - "HeFu China" (603122) has experienced significant stock price fluctuations, with its stock price deviating sharply from its fundamentals, indicating potential risks of market overreaction and irrational speculation [1][2] Group 2 - "Haiwang Biological" (000078) has shown signs of impulsive trading behavior, prompting the Shenzhen Stock Exchange to take notice [2]