China-Singapore Jingwei, February 28th According to the news on the evening of the 28th on WeChat account "released by China Financial Futures Exchange", recently, China Financial Futures Exchange (hereinafter referred to as "China Financial Futures Exchange") made a decision on Shanghai Vivian Private Equity Fund Management Co., Ltd. (hereinafter referred to as (referred to as "Shanghai Vivan Company") and its actual controllers, failed to declare actual control accounts as required, violated the exchange's trading limit system, and traded in excess of trading limits on multiple varieties of stock index futures and were subject to disciplinary sanctions.
It was found that 3 product accounts managed by Shanghai Weiwan Company and 2 natural person accounts under the names of the company’s actual controllers and their relatives failed to declare actual control relationships as required. During the period when the actual control relationship was not declared, Shanghai Vivian and its actual controllers used high-frequency trading to trade in excess of trading limits on multiple varieties of stock index futures. The circumstances were serious, and constituted "the use of improper means to circumvent the trading limits of the exchange." System, over-limit trading" violations, and obtained illegal profits of 8.9348 million yuan. According to the provisions of Article 29 of the "Measures for Handling Violations and Defaults of the China Financial Futures Exchange", CFFEX decided to notify and criticize Shanghai Vivian Company and its actual controller, and punish the corresponding three persons managed by Shanghai Vivian Company. Product accounts, two natural person accounts under the name of the actual controller of the company and his relatives were restricted from opening positions for twelve months, confiscated 8.9348 million yuan of illegal income, , and recorded the above disciplinary actions in the capital market integrity information database.
CFFEX will, in accordance with the deployment requirements of the China Securities Regulatory Commission, strictly abide by its main regulatory responsibilities and main business, continue to strengthen front-line market supervision, resolutely make supervision "thorny" and sharp, and severely crack down on improper means to circumvent transaction supervision, We will always maintain a strict tone and a "zero-tolerance" high-pressure attitude towards illegal activities that violate the market's "three fair principles" and damage the legitimate rights and interests of investors. At the same time, investors are reminded to trade in compliance with laws and regulations and jointly maintain the normal trading order of the financial futures market.
According to the website of the China Securities Regulatory Commission, a spokesman for the China Securities Regulatory Commission said in response to a reporter's question on the disciplinary measures taken by the China International Financial Futures Exchange that the China Securities Regulatory Commission has always adhered to the main tone of strict supervision and guided stock exchanges and the China International Financial Futures Exchange to strengthen the linkage of futures and spot supervision. , penetrating supervision of all types of trading activities, including high-frequency trading, and severely cracking down on market violations in accordance with laws and regulations.
Specifically, a reporter asked that recently, the China Financial Futures Exchange took action against a private equity fund management company and its actual controller for failing to declare actual control accounts as required, using high-frequency trading methods, and trading in excess of trading limits on stock index futures. Disciplinary measures and what the SFC’s comments are.
A spokesman for the China Securities Regulatory Commission responded that recently, the China Financial Futures Exchange has taken regulatory measures in accordance with regulations against relevant customers' behavior that violates the actual control relationship account management in the futures market. This is a measure to fulfill the exchange's regulatory responsibilities. The China Securities Regulatory Commission has always adhered to the main tone of strict supervision, guiding stock exchanges and the China Financial Futures Exchange to strengthen the linkage of futures and spot supervision, penetrating supervision of various trading activities including high-frequency trading, and severely cracking down on market violations in accordance with laws and regulations. In the next step, the China Securities Regulatory Commission will continue to thoroughly implement the spirit of the Central Financial Work Conference, comprehensively strengthen supervision, and effectively ensure the stable and healthy operation of the market.
Screenshot of the Asset Management Association of China website
According to the website of the Asset Management Association of China, Shanghai Vivian Company was established on January 21, 2016, with a registered capital of 10 million yuan, and the actual controller is Zhang Wang. (China-Singapore Jingwei app)
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