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Is it illegal for civil servants to speculate in stocks?
It is not illegal for civil servants to speculate in stocks. The following four types of people can't buy or sell stocks, except these four types of people can buy or sell stocks (they can't buy or sell stocks during working hours):

1. The person in charge of inside information of the competent department of a listed company and the state-owned holding unit of the listed company shall not buy or sell the shares of the listed company managed by the above-mentioned competent department, including their parents, spouses, children and their spouses;

2. The staff of the CSRC and its dispatched offices, futures exchanges and stock exchanges shall not buy or sell stocks, including their parents, spouses, children and spouses;

3. If my parents, spouses, children and their spouses have been awarded futures by the securities regulatory agencies, or worked in fund management companies or securities companies, or worked in accounting (auditing) firms, asset appraisal institutions, law firms, investment consulting institutions and credit evaluation institutions with securities business qualifications, the staff of party and government organs shall not buy or sell shares of listed companies that have business dealings with the above institutions;

4. The relevant staff with inside information will continue to be bound by this regulation within three months after leaving the company. Staff members of party and government organs who hold inside information because of their posts must dispose of the stocks and securities investment funds they held before their posts within one month after their posts, and may not continue to hold them.

Legal basis: Article 3 of Several Provisions on Personal Securities Investment Behavior of Party and Government Organs.

Staff of party and government organs can buy and sell stocks and securities investment funds. The trading of stocks and securities investment funds shall comply with the provisions of relevant laws and regulations, and the following acts are strictly prohibited:

(1) extorting or forcibly buying or selling stocks, soliciting or reselling warrants by taking advantage of the influence of authority or position or by other improper means.

(2) directly or indirectly buying and selling stocks and securities investment funds by using inside information, or providing suggestions for buying and selling stocks and securities investment funds to others;

(3) buying and selling stocks of listed companies within its direct business jurisdiction, or holding or buying and selling stocks in the name of others;

(4) Borrowing the public funds of the unit, or borrowing the funds of the objects of management and service, or borrowing the funds of subordinate units and individuals within the competent scope, or borrowing the funds of other units and individuals related to exercising their functions and powers to purchase stocks and securities investment funds;

(five) in the name of the unit to raise funds to buy and sell stocks and securities investment funds;

(six) the use of working hours and office convenience to buy and sell stocks and securities investment funds;

(seven) other acts in violation of the Securities Law of People's Republic of China (PRC) and other relevant laws and regulations.