Legal basis: Article 180 of the Criminal Law of People's Republic of China (PRC) stipulates that insiders of insider information of securities and futures trading or people who illegally obtain insider information of securities and futures trading buy and sell securities, or engage in futures trading related to the insider information, or disclose the information before the disclosure of securities, securities and futures trading or other information that has a significant impact on the price of securities and futures trading. Or express or imply that others are engaged in the above-mentioned trading activities, if the circumstances are serious, they shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall be fined not less than one time but not more than five times the illegal income.
Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention.
The scope of insider information and insiders shall be determined in accordance with the provisions of laws and administrative regulations.