SFC "Sword" Rat Stock To Restore Confidence In The Stock Market

In recent years, the securities and Futures Commission has dispatched a large number of inspectors to investigate and deal with illegal activities such as insider trading, manipulation of the market and illegal disclosure of information in the securities market, thus triggers a storm of P inspection.

The "rat farm" may involve two situations, insider trading and market manipulation, and has become the focus of routine monitoring and inspection.

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< p > the rat farm, as the name suggests, is a kind of behavior that is harmful to the public and private.

The relatives and friends of a securities trader buy stocks at a low price in advance, and then the company builds up the stock to pull up the stock, thereby pforming public funds into private funds.

Therefore, "rat farm" not only has no risk, but also can get high returns, but it damages the interests of the company or fund holders, and may lead to serious losses or even bankruptcy of the institutions they serve.

It is essentially different from corruption and theft.

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< p > however, the greater harm of < a href= "http://www.91se91.com/news/index_cj.asp" > rat warehouse > /a is that it undermines the fair, just and open trading principle in the stock market.

The rampage of rat farm is a challenge to the rules of the stock market and a challenge to the financial order. The biggest consequence of the instability of the stock market is not the loss of confidence in the stock market, the destruction of the financial order, and the difficult development of the securities market in a healthy and orderly way.

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< p > this year is a very important year for the reform of the "a href=" http://www.91se91.com/news/index_cj.asp "economic system < /a > in China. It is also a major reform year of" a href= "http://www.91se91.com/news/index_cj.asp" securities market "/a". The reform of the registration system of new shares issued by the SFC is steadily advancing.

Against this background, it is particularly important to crack down on illegal activities in the securities market and rectify the order of the securities market.

As a result, the SFC "bright sword" rat storehouse, set off this inspection storm, a big hand to restore confidence in the stock market.

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< p > news has pointed out that the SFC used nearly 300 law enforcement officers to take action in the inspection, and conducted a public inspection of public funds, private equity funds, insurance (trust insurance) information management, brokerage analysts, and listed companies' chain, which is the largest audit action in the history of the Securities and Futures Commission.

And from all aspects of information analysis, capital market inspection will become a daily behavior.

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< p > in this inspection, the SFC uses big data to investigate rat farm.

Through mathematical models, more than 200 paction monitoring rules are set up in massive trading data, and dozens of monitoring personnel monitor in real time. Once suspicious pactions occur, they will trigger the monitoring rules, and then be locked down by the regulatory authorities, and then the paction records will be investigated.

This kind of monitoring makes the rat store escape.

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P, a spokesman for the securities and Futures Commission, said in a press conference on May 9th that since 2013, the SFC has handled 38 cases of information management personnel suspected of using undisclosed information to trade stocks, and has launched investigations in succession.

Three characteristics: first, the bad nature of the case, seriously affecting the confidence of investors and the role of investment in the capital market; two, the expansion of the scope of personnel involved, showing a chain of investigation, found that investigators have been extended from the fund managers to the upstream researchers, backstage trading personnel, and even downstream custodian bank staff. In some cases, the situation of insider disclosure of undisclosed information and the surrounding friends and relatives had occurred, and even the behavior of insider trading and undisclosed information making profits. Three, there were a large number of agencies involved. The largest amount of money involved in using undisclosed information to stock leads was about 1000000000 yuan, and the minimum amount involved was more than 20 million yuan, involving more than ten fund companies and two insurance asset management institutions. Among them, the suspected "rat farm" case has

The SFC said it would strengthen relevant routine inspections of Asset Management Co.

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< p > media pointed out that in this inspection, fund executives and fund managers have left their posts, but any form of insider dealing and manipulation of the market is not allowed.

A rat farm is like a malignant tumor that affects the healthy development of the stock market. Only when we remove the tumor, can the stock market reproduce the bull market. "The big river has the water and the river is full". Only with the prosperity of the whole stock market, can the fund executives and fund managers better display their talents, and then they can really gain money.

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< p > the SFC's massive inspection action has cracked down on the long-standing illegal activities in the securities market, broke the hidden rules of the rat farm, maintained the fair, just and open trading principle, and returned investors a clean and orderly securities trading market.

More important is to give investors hope to restore confidence in the stock market.

If the media predict that such a big audit action of the SFC can become a daily activity, China's bull market will not be far off.

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