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The SZSE recently has carried out the trading restriction measure on the account of Mr. Xie which conducted the major abnormal transactions. It is reported that since the ChiNext kicked off the trading, Xie has lifted the Jifeng stock price to touch daily limit-up many times by such means as block declaration, high-price declaration, and obviously Xie was suspected of intentionally manipulating the stock trading price. The SZSE has put the three-month trading restriction on the account. At the same time, the SZSE has locked up other abnormal accounts and is investigating into these cases; in case where any account is suspected of breaking regulations or laws, the SZSE will report it to the CSRC for further investigation and disposal.
The SZSE person in charge of this case expressed that since the ChiNext started trading, all circles in the society give much care and support to it, especially the securities companies attach high importance to the management of client trading conducts, positively support and assist the relevant measures of the SZSE and strengthen the education, guiding and standardization of key-point accounts, in this respect, the securities companies play the active role in safeguarding the market order. With respect to illegal trading conducts, the SZSE will continuously keep tough with major abnormal trading conducts, closely monitor and crack down on conducts suspected of violating any rule, regulation or law. Meanwhile, the SZSE hereby seriously reminds investors again that the rational investment philosophy ought to be built up, and investors shall participate in securities trading in strict accordance with relevant laws, regulations and rules.
