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Under what circumstances does it constitute the crime of manipulating the securities market?
The constitutive elements of the crime of manipulating the securities market are:

1, object elements, the object of this crime is the national securities management system and the legitimate rights and interests of investors;

2. objective factors. Objectively, this crime shows that the actor violates the provisions of the securities market and manipulates the price or volume of securities trading;

3, the main elements, the subject of this crime is the general subject;

4. Subjective factors. The subjective aspect of this crime is intentional.

legal ground

Article 182 of the criminal law

Whoever, alone or in collusion, concentrates the advantages of funds, shares or positions, or manipulates the securities and futures markets by using the advantages of information jointly or continuously, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also, or shall only, be fined; 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 also be fined.

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.