What Improper Deals Have Been Made By These Behind The Scenes Traders?

"Ying Feng" was named 4 account by the Shanghai Stock Exchange, and the 4 account was named by the Shenzhen Stock Exchange at the same time.

What improper deals have been made by these behind the scenes traders?

There is nothing wrong with high-frequency trading and quantified trading, but in the history of securities market, some malicious acts have really interfered greatly and damaged the normal market.

In August 3rd, the Shanghai Stock Exchange suspended 4 securities account pactions with serious abnormity pactions, and gave 5 verbal warnings to the securities accounts with abnormal trading practices.

They are accused of taking advantage of capital and causing serious interference to market prices.

Prior to that, the Shanghai Stock Exchange registered two batches of names and restricted a total of 14 account pactions in July 30th and August 1st. The Shenzhen Stock Exchange has restricted pactions in 20 accounts with significant abnormal pactions. Among them, Ying Feng capital and Ying Rong have two more accounts under the joint stock trading restrictions of Shanghai stock exchange and Shenzhen Stock Exchange.

According to a press survey, most of the surveyed accounts were mostly crocodiles. Most of them were interested in quantitative trading and high-frequency trading. 4 of Ying Feng capital were checked and even taken root in the current rescue base, CITIC Securities Beijing headquarters business department.

The 9 natural person accounts restricted pactions are also non - equal, many of whom are super big men.

These behind the scenes trader, what improper pactions have done, seriously disrupted the market price, waiting for further investigation by regulators.

Some accounts were just set up before the bailout.

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One day in June 26th, Dong Hai Hengxin Asset Management Co., Ltd. (hereinafter referred to as "Dong Hai Hengxin") held a happy ending in Qingdao, Qingdao Province, Shandong.

Donghai Konobu stated that the main investment type was ETF, and the main attack period was arbitrage, quantification of Alfa and procedural pactions. In the past few years, the change was amazing, from the 4 square meter large room to the more than 2000 square meter own office after that.

Starting from scratch, Donghai Konobu currently manages 15 fund products with a management scale of more than 3 billion yuan.

According to Donghai Konobu, its turnover from January 2015 to May was nearly 600 billion yuan, obviously, this is a typical characteristic of "UHF trading".

It is Donghai Konobu who has 3 accounts in the recent abnormal trading behavior, accused of seriously affecting the normal order of the securities market, and was named by the Shanghai Stock Exchange.

These 3 accounts are respectively Fu An Da fund Haitong Securities (600837, stock bar) - Fu Anda Donghai Hengxin 7 phase asset management plan, financing capital wealth Haitong Securities Financing Capital Donghai Hengxin 12 phase asset management plan, financing capital wealth Haitong Securities Financing Capital Donghai Hengxin 14 phase asset management plan.

Among them, the 7 phase of Donghai Konobu was founded in March 25, 2015, with an initial scale of about 190 million yuan. The 12 and 14 phases of Hengxin in the East China Sea were established in June 18th this year, and the initial scale is 240 million yuan from the next few days of bailout.

From the perspective of shareholder structure,

They are all owned by the founder.

Donghai Hengxin was established in December 2012 with a registered capital of 10 million yuan. It is a wholly owned natural person. Its main business is asset management and investment and management with its own funds.

According to the reporter, Shi Li graduated from Hebei University of Economics and Business in 2006. After changing 3 jobs, he entered the ETF industry in 2008. Since 2009, the turnover has reached over 100 billion every year.

Donghai Hengxin adopted the "high-frequency" and "volume" trading mode to make it a big head in its business department.

There is nothing wrong with high-frequency trading and quantified trading, but in the history of securities market, some malicious acts have really interfered greatly and damaged the normal market.

This account, which is called the restricted paction by the Shenzhen Stock Exchange, is also known as "Xingye International Trust Co., Ltd. - Pan Han Zheng Yuan Securities Investment collective trust scheme".

The above products' information and business registration information show that the Beijing Pan Han Cci Capital Ltd (hereinafter referred to as "Pan Han investment") was established in May 2014, with a registered capital of 1000 yuan, and is a unique investment management company focused on quantifying high-frequency hedging pactions. Shareholders are Chen Meihua and Chen Zuo.

It is noteworthy that Chen Zhizuo served as chairman of the board of investment. Before that, he had a special experience in the securities industry and was quite familiar with the ETF.

Chen Meihua served as general manager of general investment, and also the main founder of Shenzhen ritual Investment Limited. Industrial and commercial information shows that Shenzhen ritual Investment Limited was established in December 2008, with a registered capital of 10 million yuan and a shareholder Chen Meihua's subscribed amount of 300 thousand yuan.

Xingye International Trust Co., Ltd. - Pan Han Zhengyuan securities investment trust fund plan information shows that the trust plan was established in December 12, 2014, and as of July 20, 2015, the net value of the fund was 1.4084.

Ying Feng capital lurking in the rescue base

"Ying Feng" was named 4 account by the Shanghai Stock Exchange, and the 4 account was named by the Shenzhen Stock Exchange at the same time.

Interestingly, the 4 account opening business department of "Ying Feng" is the CITIC Securities Limited by Share Ltd Beijing headquarters securities business department, and this Sales Department is one of the main forces of the current rescue market.

It's another thing to do under one roof.

Ying Feng Capital Management Co., Ltd. (hereinafter referred to as "Ying Feng capital") issued a notice on its official website, saying that the four securities hedge funds (including the Ying Feng quantitative investment management partnership), the new equation Ying Feng quantitative hedge fund private asset management plan, the Ying Feng quantitative hedge fund and Ying Feng Ying Bao hedge fund, as managers or investment advisers, were restricted by the Shenzhen Stock Exchange and the Shanghai Stock Exchange from July 31, 2015 to October 30, 2015.

Among them, the new equation Ying Feng quantify hedge fund private asset management plan belongs to the new Shanghai equity Cci Capital Ltd, but by Ying Feng capital as a manager.

The other three hedge funds are under the "Ying Feng" door.

According to official website,

Registered in Qianhai, Shenzhen, with a registered capital of 50 million yuan, its securities investment fund and PE investment fund have reached 22, and its management assets are nearly 5 billion yuan.

Ying Feng capital said that it would cooperate with the regulatory authorities to investigate and verify the trading strategies and pactions of the above products.