Core Viewpoint - The China Securities Regulatory Commission (CSRC) Shanghai Regulatory Bureau has issued an administrative penalty decision against Yang Moujia for insider trading, resulting in a fine of 500,000 yuan [1][3]. Group 1: Administrative Penalty Details - Yang Moujia, while serving as a fund manager, used undisclosed information obtained through his position to suggest trading activities to Chen Moudong, leading to a penalty of 500,000 yuan [1][3]. - The decision cites violations of the Fund Law, specifically Article 20, Section 6, and Article 123, Section 1 [3]. Group 2: Background on Yang Moujia - Yang Moujia has held various positions including stock analyst, senior stock analyst, assistant fund manager, and fund manager at a fund management company [3]. - There is a strong likelihood that Yang Moujia is the same individual as Yang Ningjia, the former fund manager at Hai Futong Fund, who managed multiple funds from 2017 to 2024 [3][4]. Group 3: Fund Performance and Departure - Yang Ningjia's performance during his tenure was subpar, with a nearly -40% return for the C class shares of the Hai Futong Electronic Media Fund over three years and close to -20% for the Hai Futong New Domestic Demand Mixed Fund over one year [5]. - Yang Ningjia resigned from all managed products on October 14, 2024, citing personal reasons, which may now be questioned in light of the insider trading allegations [4][5].