First of all, are the stocks it owns legal and owned behind the scenes?

Secondly, it is also stipulated that price manipulation is not allowed

Article 182 of my country's new criminal law after the amendment stipulates: "Under the following circumstances, manipulating the trading prices of securities and futures will result in unfair gains." For legitimate interests or transfer of risks, if the circumstances are serious, the person shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined or fined not less than one time but not more than five times the illegal income: ① Individually or in collusion, concentrating financial advantages, shareholding advantages or using information advantages Joint or continuous buying and selling to manipulate the trading prices of securities and futures; ②Collude with others to conduct securities and futures transactions with each other at a pre-agreed time, price and method, or buy and sell securities that are not held by each other, affecting the trading prices of securities and futures or the trading volume of securities and futures; ③ Use yourself as the trading object, buy and sell for yourself without transferring the ownership of securities, or use yourself as the trading object, buy and sell futures contracts by yourself, affecting the trading price of securities and futures or the trading price of securities and futures. trading volume; ④ Using other methods to manipulate securities and futures trading prices. "In the case of relatively serious cases where an entity manipulates securities trading prices, the second paragraph of this article of the Criminal Law also specifically stipulates: "An entity is guilty of manipulating securities and futures trading prices. If the crime is committed, the unit shall be fined, and the person directly in charge and other directly responsible persons shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention. "According to this provision of the Criminal Law, the author believes that the so-called crime of manipulating securities and futures trading prices is It refers to serious behavior that violates securities and futures management regulations and manipulates securities and futures trading prices in order to obtain improper benefits or transfer risks.

Manipulation of the stock market by market makers is a serious violation of laws and regulations. However, over the years, in the Chinese stock market, there have been many situations where market makers have manipulated the stock market: First, in some years, under the policy guidance of supporting the listing of state-owned enterprises, relevant government departments required securities companies and fund companies to work hard to maintain high prices in the stock market, so that the shares of state-owned enterprises can have a higher issuance price; second, some institutions (including securities, industrial and commercial enterprises, and listed companies), in order to obtain profits from stock market operations, either independently or jointly operate a number of stocks; third, some individuals in order to obtain profits The high returns of stock market operations involve the use of institutional funds in the name of institutions to carry out banker operations. If successful, most of the profits belong to the individual; if they fail, the losses will be borne by the institution; fourth, some individuals obtain huge amounts of money by "providing" institutional banker information. The income from the "information fee" helped the banker contact a group of followers.