Core Points - The China Securities Regulatory Commission (CSRC) imposed a fine of 1.59 billion yuan on Zhang Xiang for illegal stock trading activities and banned him from the securities market for five years due to violations committed over several years [1][4][5] Group 1: Violations and Penalties - Zhang Xiang, a securities industry professional, was found to have engaged in illegal trading by using multiple accounts controlled by others to buy and sell various stocks from February 2018 to October 2024 [4] - The CSRC determined that Zhang Xiang's actions violated the Securities Law of the People's Republic of China, specifically articles related to illegal stock trading [4] - The total penalty imposed on Zhang Xiang amounts to 1,594,971,59.49 yuan, which includes the confiscation of illegally held stocks [4][5] Group 2: Regulatory Actions - The CSRC decided to impose a five-year ban on Zhang Xiang from participating in the securities market due to the severity and duration of his violations [5] - The regulatory body considered the nature, circumstances, and social harm of the violations when determining the penalties [5]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a fine of 1.59 billion yuan on a securities professional, Zhang Xiang, for illegal stock trading activities, along with a five-year ban from the securities market [1][2][3]. Group 1: Violations and Penalties - Zhang Xiang was found to have controlled and used multiple securities accounts belonging to others to trade various stocks from February 2018 to October 2024, constituting violations of the Securities Law [1][2]. - The CSRC determined that the evidence was sufficient to prove that Zhang Xiang made trading decisions and controlled the funds in the related accounts, leading to the conclusion of illegal stock holding and trading [2]. - The total penalty imposed on Zhang Xiang amounts to 159,497,159.49 yuan, and he is required to handle the illegal stocks in accordance with the law [3]. Group 2: Regulatory Framework - The violations were assessed under the provisions of the 2005 revised Securities Law, specifically Articles 43 and 40, as well as Articles 199 and 187, which outline the legal framework for such offenses [1][3]. - The CSRC considered the nature, circumstances, and social harm of the violations, leading to the decision to impose a five-year market ban on Zhang Xiang, as stipulated in the Securities Market Ban Regulations [3].