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On August 24, a listed company had to suspend the trading in its stocks due to the investigation by the SZSE into “secret leak”case. On the same day, the SZSE held the 8th training class for regulated operations of listed companies in Jilin, including how to prevent and control insider trading.
After the split share structure reform was finished, the driving force behind the capital operation of listed companies and frequency in the merger, acquisition and restructuring continue to rise, in the respect, the severe control on insider trading has become the core of securities regulatory work, and a thorough and all-round crackdown has been put on the show.
In June, Shang Fulin, the chairman of the CSRC expressed that the insider trading has been escalated to the main contradiction in market regulation. So far, the cases investigated involves many aspects as to the operations of listed companies, including merger, acquisition and restructuring, finance information disclosure, major contract, profit distribution. Obviously, the insider trading is a problem facing the whole world; considering that the decision-making chain of listed companies in China is too long, the period for decision-making lasts too long, it is easier for insider trading to be made.
Under the current market situation, the SZSE will take the multi-pronged and sweeping measure to attack the insider trading; on the other hand, the SZSE will deliver the serious blow to insider trading and conduct the linked regulation. According to the SZSE person in charge of the case, the SZSE will continuously take new measures in the next move and carry out the severe, key-point and precise crackdown on insider trading.
