This may be the most advanced way to buy funds, Sina Secretary can only help you here. Sina fund real contest, the cattle take you to choose the base, one-click and vote, "when to buy when to sell" do not have to worry! Masters invest 10,000 yuan to earn 941 yuan in 60 days, come and vote, come and challenge the master! [I want to enter]
The chaos of the fund account is shocking! Ping An Xingye flash collapse is actually a special account, and even more amazing is that the three special accounts on the channel for customers to manipulate the market!
China Fund News reporter Liu Yuhui
Guide: The chaos of the fund account is shocking!
On Wednesday, China Ping An and Industrial Bank's flash collapse was actually carried out by the fund's special account. In the case of a market manipulation case punished by the China Securities Regulatory Commission today, the three fund accounts have become the tools for customers to manipulate the market. The common point of the two serious incidents is that the fund account only exists as a channel, and the trading rights belong to customers or third parties, and the risks are extremely high.
The CITIC Construction Investment Fund account and the poor communication of the investment have caused the flash collapse
Tonight, the Shanghai Stock Exchange gave the final findings for the flash crash that occurred in China Ping An and Industrial Bank on Wednesday. The official website of the Exchange Office this evening is released as follows:
Q: On April 12, 2017, the two stocks of Ping An and Industrial Bank of China showed a rapid decline in the short time around 14:30. The market is more concerned about this. The relevant situation has been briefly explained on the date of the Shanghai Stock Exchange. Please tell us about the subsequent regulatory disposal.
A: On April 12, 2017, in the real-time monitoring of the Shanghai Stock Exchange, it was found that some investors in the “Industrial Bank†and “China Ping An†stocks sold in a short period of time at a price far below the market price. Out, it has a big impact on the short-term trend of the relevant stock price.
Upon investigation, the above transaction was caused by the sale of a number of special products of CITIC Construction Fund Management Co., Ltd., a subsidiary of CSC Securities. After the above abnormal trading behavior occurred, the Shanghai Stock Exchange immediately suspended the day trading of the relevant account and carried out corresponding verification.
On April 13, the Shanghai Stock Exchange interviewed the relevant person in charge of the CITIC Construction Investment Fund and inquired about the specific situation of the above abnormal trading behavior. According to its reflection, the relevant abnormal trading behavior instructions are issued by the investment consulting company of the special product. During the execution of the order, the investment adviser did not fully communicate with the CSC Construction Fund, and failed to take effective risk control measures during the execution of the order, causing the above abnormal situation.
The abnormal trading behavior is ostensibly caused by insufficient system wind control settings during the execution of the order, which actually reflects the loopholes in the risk management of CITIC Construction Investment Fund. In the interview, the company has urged it to do the same thing and rectify it. At the same time, in order to warn and prevent similar abnormal trading behavior, the SSE has now initiated a restricted trading procedure for the account in question, and the time limit is intended to be one month.
What needs special mention is that in the daily supervision of the Shanghai Stock Exchange, it is highly concerned about the market trading order. Among them, not only pay attention to unreasonable stock price increase, but also focus on abnormal stock price suppression to promote the stable operation of the stock market.
On the day of the intraday break of China Ping An and Industrial Bank on Wednesday, the Shanghai Stock Exchange issued a statement that it was mistaken for the brokerage asset management plan to sell. At that time, the Shanghai Stock Exchange stated as follows: "Today (April 12), the real-time monitoring of the firm concerned that a brokerage asset management plan account was sold at about 14:28 pm, and sold a large number of shares of "China Ping An" and "Industrial Bank". As a result, its stock price fell rapidly and had a significant impact on the short-term trend of its stock price. For the aforementioned abnormal trading behavior, the Stock Exchange immediately suspended the trading of the relevant account on the same day, and will interview the person in charge of the brokerage to further check the relevant situation."
As the Shanghai Stock Exchange confirmed on Wednesday that it was a brokerage asset management plan, many media speculated that some of the brokerage asset management plans held by China Ping An and Industrial Bank were more suspected at the end of last year. I did not expect that the result of today's verification turned out to be the fund's special account. The Shanghai Stock Exchange identified the oolong as the media followed the oolong.
The CITIC Jiantou Fund involved in the project is a sub-new company established in recent years. It is obvious that many of the special account products of the flash collapse are only channels. The actual transaction is completed by the investment consultant, and the above-mentioned chaos in the operation of the special account is also exposed. Various risks and problems in the operation of current fund accounts.
Three fund company accounts become personal tools for manipulating the market
In addition to the major problems exposed by CITIC's special fund account, several other fund company special accounts have also appeared in the CSRC's manipulation of market transactions.
The SFC announced today's regular press conference. On April 5, the CSRC issued the "China Securities Regulatory Commission Administrative Punishment Decision (Wang Yaowo)". According to the punishment book, during September and November 2014, Wang Yaowo controlled and operated “Wang Yaowoâ€, “Li Xiaoyiâ€, “Liebaoqiongâ€, “Changan Fund-Guangda Bank-Wang Yaowoâ€, “Jiangxin Fund-Guangda University†Bank-Hu Liqun" "Financial Fund-Shanghai Bank-Hu Liqun" 6 securities accounts (hereinafter referred to as Wang Yaowo account group, the funds are Wang Yaowo's own funds), using the capital advantage, respectively, continuous trading "Shuanglin shares" "Hailida Meida", "Wenzhou Hongfeng", "Xiyi Shares" and "Yuxing Shares" 5 stocks, pushed up the stock price until the daily limit, and reported the purchase price to maintain the daily limit at the daily limit price, and passed the continuous declaration on the next trading day. Large-scale declaration, high-price declaration and cancellation of declarations manipulated the opening price and then sold it in reverse, with a total profit of RMB 12,492,081.22.
That is to say, in September and November 2014, Wang Yaowo used the capital advantage to “man-made†five daily limit shares and made a profit of 12.49 million yuan. Now the company has been investigated and punished by the CSRC, and the illegal income of 12.49 million yuan has been confiscated. A fine of 24.98 million yuan was imposed.
It is worth noting that in this market manipulation case, the one-on-one accounts of the three fund companies became accomplices, namely Changan Fund-China Everbright Bank-Wang Yaowo Account, and “Jiangxin Fund-Guangda Bank-Hu Liqun Account†""Financial Fund-Shanghai Bank-Hu Liqun" account, although these three accounts are fund company special accounts, but they are actually operated by Wang Yaowo. It means that the three products exist only as channels, and their investment is by Wang. Yaowo personally completed, wearing a special coat, Wang Yaowo used a number of accounts that did not seem to be closed to manipulate the market, and was finally discovered and investigated by the Securities and Futures Commission, and the fund company gave the trading rights to the account customers, indirectly. Become an accomplice to disrupt the market, and once again expose the current fund account operation chaos.
The specific manipulation of Wang Yaowo is as follows:
I. Manipulating the "Shuanglin Shares" situation
The Wang Yaowo account group bought 2,327,779 shares of Shuanglin Co., Ltd. from November 26 to 27, 2014, and sold all of them from November 27 to 28, with a profit of 1,622,053.46 yuan. The specific situation is:
(1) Concentrated funds continue to buy
On November 26, 2014, from 9:57:8 to 10:15:10, Wang Yaowo accounted for 15 pairs of 448,300 shares and sold 357,800 shares.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
At 10:18:32 to 41:23 on November 26, the Wang Yaowo account group continuously applied for a total of 2,051,500 shares, and the declared price increased from 13.63 yuan to 14.22 yuan (the daily limit price). It accounted for 63.84% of the market purchases in the same period, ranking first, with a final turnover of 775,320 shares, accounting for 53.44% of the market's buying volume during the same period. The stock price of Shuanglin shares rose rapidly from 13.63 yuan to the daily limit price, an increase of 4.33%.
(3) Large pens to maintain the stock price by the daily limit price
At 10:41:18 on November 26, the stock of Shuanglin shares rose for the first time on the day until the close. In the meantime, Wang Yaowo account group reported to buy 15, a total of 6,891,800 shares at the daily limit price, accounting for 87.57% of the market's daily limit price purchases, ranking first, with a final turnover of 1,118,859 shares.
As of the close of November 26, the effective purchase amount of the Wang Yaowo account group at the daily limit price was 5,772,941 shares, accounting for 95.04% of the market's daily limit.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
From 9:15 to 18:30 on November 27, the Wang Yaowo account group applied for a total of 4,511,800 shares at a daily limit price of 15.64 yuan, accounting for 97.54% of the purchases during the period, accounting for the period. 99.22% of the daily limit price purchase. At 9:19, the above-mentioned purchase declarations were all revoked. From 9:21:10 to 24:43, Wang Yaowo account group reported to buy 4,75,800 shares at a price of 15.20 yuan to 15.60 yuan. At the end of the auction, all transactions were completed, and the purchase and transaction volume were reported. Ranked #1. The stock opened at 15.10 yuan on the day, up 6.19% from the previous trading day's closing price of 14.22 yuan, deviating from the deep KLCI gain of 5.90%.
During the continuous bidding period on November 27, the Wang Yaowo account group will sell all 2,251,979 shares of Shuanglin shares.
On November 28th, the Wang Yaowo account team sold all of the 75,800 shares bought during the auction day of the previous trading day.
Second, the manipulation of "Hailida Meida" situation
The Wang Yaowo account group bought 3,766,769 shares of Highly Meida from September 26 to 29, 2014, and sold all of them from September 29 to 30, with a profit of RMB 3,191,623.17. The specific situation is:
(1) Concentrated funds continue to buy
On September 26, 2014, from 9:46:44 to 13:42:7, Wang Yaowo's account portfolio reported to buy 103 total 3,005,600 shares, with 2,100,578 shares traded.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
From 13:43:1 to 53:5 on September 26, the Wang Yaowo account group continuously applied for a total of 2,072,700 shares, and the declared price increased from 17.76 yuan to 18.56 yuan (the daily limit price). It accounted for 77.27% of the market's purchases in the same period, ranking first, with a final turnover of 448,849 shares, accounting for 53.07% of the market's buying volume during the same period. The stock price of Highly Meida quickly rose from 17.76 yuan to 18.55 yuan (1 cent lower than the daily limit price), an increase of 4.45%.
(3) Large pens to maintain the stock price by the daily limit price
At 13:52:57 on September 26, "Hai Li Meida" first daily limit until the close (occasionally opened in the middle, but only 1 cent lower than the price limit and soon closed the daily limit). In the meantime, Wang Yaowo account group reported to buy 7 total 3,625,800 shares at the daily limit price, accounting for 62.70% of the market's daily limit price purchase price, ranking first, and finally sold 1,146,342 shares.
As of the close of September 26, the effective purchase amount of the Wang Yaowo account group at the daily limit price was 2,190,458 shares, accounting for 90.35% of the market's daily limit.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
At 9:15:57 to 18:56 on September 29, Wang Yaowo account group reported to buy 6 totals of 1,786,400 shares, accounting for 84.62% of the purchases during the period, ranking first. In addition to one of the 37,900 shares to buy at 20.40 yuan, the rest are reported to buy at a daily limit price of 20.42 yuan, and the account group's purchase price at the daily limit price accounted for 95.64% of the market's daily limit price. At 9:19, the above-mentioned purchase declarations were all revoked. 9:21:02 to 22:07, Wang Yaowo account group reported to buy 4 total 71,000 shares at the price of 20.18 yuan to 20.20 yuan, all the transactions at the end of the auction, the declaration of purchase and the volume of transactions Ranked #1. The stock opened at 19.94 yuan on the day, up 7.44% from the previous trading day's closing price of 18.56 yuan, deviating from the Shenzhen Composite Index by 7.16%.
At 9:24:56 to 13:56:11 on September 29, the Wang Yaowo account group sold all 3,695,769 shares of Highly Meida.
On September 30th, the Wang Yaowo account team sold all 71,000 shares bought during the previous auction day.
Third, the operation of "Wenzhou Hongfeng" situation
Wang Yaowo account group bought 2,454,624 shares of “Wenzhou Hongfeng†from September 22 to 23, 2014, and sold all on September 24, with a profit of 1,166,956.30 yuan. The specific situation is:
(1) Concentrated funds continue to buy
From September 22 to 23, 2014, at 13 o'clock, the Wang Yaowo account portfolio reported to buy 66 total 2,411,700 shares, with 1,303,256 shares traded.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
From 13:00 to 8:44 on September 23, the Wang Yaowo account group continuously applied for 19 totals of 740,200 shares, and the declared price was raised from 15.65 yuan to 16.06 yuan (the daily limit price), accounting for the same period of market purchase. The amount of 62.21%, ranked first, the final transaction of 341,368 shares accounted for 48.10% of the market buying volume during the same period. Wenzhou Hongfeng stock price quickly rose from 15.66 yuan to the price limit, an increase of 2.55%.
(3) Large pens to maintain the stock price by the daily limit price
At 13:8:38 on September 23, Wenzhou Hongfeng's stock rose for the first time on the day until the close. In the meantime, Wang Yaowo account group reported to buy 8 totals of 2,753,000 shares at the daily limit price, accounting for 46.48% of the market's daily limit price purchases, ranking first, with a final turnover of 810,000 shares.
As of the close of September 23, the Wang Yaowo account group's effective declared purchase price at the daily limit price was 1,943,000 shares, accounting for 83.99% of the market's effective daily purchase price.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
From 9:15 to 18:21 on September 24, Wang Yaowo account group reported a total of 142,200 shares with a daily limit price of 17.67 yuan, accounting for 36.57% of the purchase amount during the period, accounting for the daily limit price during that period. 70.85% of the purchase amount. At 9:19, the above-mentioned purchase declarations were all revoked. The stock opened at 16.88 yuan on the day, up 5.11% from the previous trading day's closing price of 16.06 yuan, deviating from the deep KLCI by 5.24%.
During the continuous bidding period on September 24, the Wang Yaowo account group will sell all 2,454,624 shares of Wenzhou Hongfeng.
Fourth, the manipulation of "Xiyi shares" situation
The Wang Yaowo account group bought 3,989,197 shares of Xiyi shares from November 27 to 28, 2014, and sold them from November 28 to December 1, with a profit of 356,794.70 yuan. The specific situation is:
(1) Concentrated funds continue to buy
On November 27, 2014, from 10:39:20 to 11:28:18, Wang Yaowo accounted for 70 pairs of 2,233,100 shares and sold 1,706,992 shares.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
From 13:35 to 5:41 on November 27, the Wang Yaowo account group continuously applied for 24 copies of 2,321,000 shares, and the declared price increased from 13.05 yuan to 13.56 yuan (the daily limit price). In the same period, the market purchase amount was 84.89%, ranking first, and the final transaction of 617,535 shares accounted for 71.78% of the market's buying volume during the same period. The stock price of Xiyi shares quickly rose from 13.04 yuan to 13.55 yuan (1 cent lower than the daily limit price), an increase of 3.91%.
(3) Large pens to maintain the stock price by the daily limit price
At 13:5:32 on November 27, the shares of Xiyi shares rose for the first time until the close (the occasional opening in the middle, but only one cent lower than the daily limit price and soon closed the daily limit again). In the meantime, Wang Yaowo account group reported to buy 13, a total of 6,859,300 shares at the daily limit price, accounting for 64.65% of the market's daily limit price purchases, ranking first, with a final turnover of 1,559,170 shares.
As of the close of November 27, the effective purchase amount of the Wang Yaowo account group at the daily limit price was 4,921,130 shares, accounting for 84.57% of the market's effective daily purchase price.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
At 9:15 on November 28, Wang Yaowo account group reported a total of 3,864,100 shares at a daily limit price of 14.92 yuan, accounting for 95.21% of the purchase amount during the period, accounting for the daily limit price of the period. 98.82%. At 9:19, the above-mentioned purchase declarations were all revoked. At 9:20:49 to 24, Wang Yaowo account group reported to buy a total of 131,800 shares at a price of 14.33 yuan to 14.70 yuan, and 101,400 shares at the end of the auction (another 4,100 shares) In the continuous bidding stage, the number of declared purchases and volume was ranked first. The stock opened at 14.40 yuan on the day, up 6.19% from the previous trading day's closing price of 13.56 yuan, deviating from the Shenzhen Composite Index by 6.24%.
During the continuous bidding period on November 28, the Wang Yaowo account group will sell all of the 3,883,697 shares of Xiyi.
On December 1st, the Wang Yaowo account group sold all 105,500 shares bought in the previous auction day.
V. Operation of “Yuxing Shares†from September 17 to 18, 2014
The Wang Yaowo account group bought 1,833,282 shares of Yuxing Co., Ltd. on September 17, 2014, and sold all of them on September 18, with a profit of 1,639,123.35 yuan. The specific situation is:
(1) Concentrated funds continue to buy
On September 17, 2014, from 10:12:53 to 14:2:19, Wang Yaowo's account portfolio reported to buy 72, a total of 1,591,500 shares, with 1,070,481 shares traded.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
From 14:2:19 to 15:59 on September 17, Wang Yaowo account group continuously applied for 25 total 560,000 shares, and the declared price was raised from 23.00 yuan to 23.49 yuan (limit price). In the same period, the market's purchase amount was 77.66%, ranking first, and the final transaction was 416,141 shares, accounting for 77.73% of the market's buying volume during the same period. The stock price of Yuxing shares quickly rose from 23.09 yuan to 23.48 yuan (1 cent lower than the daily limit price), an increase of 1.69%.
(3) Large pens to maintain the stock price by the daily limit price
At 14:14:31 on September 17, Yuxing shares rose for the first time on the day until the close (the occasional opening, but only 1 cent lower than the price limit and soon closed the daily limit). In the meantime, Wang Yaowo account group reported a total of 2,384,000 shares at the daily limit price, accounting for 82.64% of the market's daily limit price purchases, ranking first, with a final turnover of 387,560 shares.
As of the close of September 17, the effective purchase amount of the Wang Yaowo account group at the daily limit price was 1,996,440 shares, accounting for 98.59% of the market's effective purchase price.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
From 9:15 to 16 minutes and 40 seconds on September 18, the Wang Yaowo account group reported a total of 1,184,000 shares at a daily limit price of 25.84 yuan, accounting for 87.68% of the purchases during the period. 93.89% of the daily limit price purchase. At 9:19, the above-mentioned purchase declarations were all revoked. The stock opened at 25.00 yuan on the day, up 6.43% from the previous day's closing price of 23.49 yuan, deviating from the deep KLCI by 6.57%.
During the continuous bidding period on September 18, the Wang Yaowo account group will sell all 1,833,282 shares of Yuxing shares.
VI. Operation of “Yuxing Shares†from November 10 to 18, 2014
Wang Yaowo account group bought 2,708,994 shares of Yuxing shares from November 10 to 18, 2014, and sold all of them from November 10 to 19, with a profit of RMB 4,515,530.24. The specific situation is:
(1) Concentrated funds continue to buy
From 9:30:1 on November 10, 2014 to 15:20 on the 14th, Wang Yaowo accounted for 194 copies of 3,535,200 shares, and 2,035,721 shares were reversed. Sold 48,500 shares.
(II) Using the capital advantage to continuously declare and pull up the stock price to the daily limit
From 9:42:17 to 10:06:07 on November 17, Wang Yaowo account group continuously applied for 47 total 1,128,400 shares, and the declared price increased from 22.20 yuan to 24.50 yuan (the daily limit) Price), accounting for 38.06% of the market purchases in the same period, ranked first, the final transaction of 606,273 shares accounted for 62.40% of the market buying volume during the same period. The stock price of Yuxing shares quickly rose from 22.02 yuan to 24.50 yuan (the daily limit price), an increase of 11.26%.
(3) Large pens to maintain the stock price by the daily limit price
At 10:6:2 on November 17, Yuxing shares rose for the first time on the day until the close. In the meantime, Wang Yaowo account group reported a total of 3,567,000 shares at the daily limit price, accounting for 39.06% of the market's daily limit price purchases, ranking first, and the above-mentioned daily limit price purchases totaled 37,000 shares. On November 17, 2014, from 10:12:48 to 14:56:33, Wang Yaowo account group sold 509,216 shares at the daily limit price, all of which were sold. Wang Yaowo account group sales volume accounted for 14.27% of the period account group's daily limit purchase price, Wang Yaowo account group even if there is a small amount of selling behavior does not affect the "Yuxing shares" stock price is firmly sealed to the daily limit Close. As of the close of the day, the effective purchase amount of the Wang Yaowo account group at the daily limit price was 3,314,000 shares, accounting for 59.54% of the market's effective daily purchase price.
(4) A large number of declarations on the next trading day and all cancelled, and then all the shares held
At 9:15 on November 18, Wang Yaowo account group reported a total of 2,841,000 shares at a daily limit price of 26.95 yuan, accounting for 75.72% of the total purchase price during the period. At 9:19, the above-mentioned purchase declarations were all cancelled, accounting for 75.95% of the market's purchases and withdrawals. At 9:24:20, the Wang Yaowo account group reported a total of 30,000 shares at a price of 26.50 yuan. At the end of the auction, 30,000 shares were sold, and the number of declared purchases ranked 4th. 3. The stock opened at the price of 25.32 yuan on the day, up 3.35% from the previous trading day's closing price of 24.50 yuan, deviating from the deep KLCI by 3.44%.
During the continuous bidding period on November 18, the Wang Yaowo account group will sell 2,020,402 shares of Yuxing shares, and the remaining shares of 130,876 shares will be sold in the continuous auction stage on November 19.
The above facts, the regulatory layer is based on relevant securities account information, transaction records, bank account information, fact sheets, electronic equipment forensics information, electronic screenshots, relevant personnel to ask for transcripts and other evidence to prove. In the end, Wang Yaowo was confiscated for illegal gains of 12,492,081.22 yuan and fined 24,984,162.44 yuan.
Enter [Sina Finance and Economics Unit] Discussion
Guangzhou LIDONG Garment Industrial Co., Ltd. , https://www.lidongsports.com