The sentencing standard of the crime of manipulating the futures market in China is to be sentenced to fixed-term imprisonment of not more than five years or criminal detention, with or without a fine; 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. The object of the crime of manipulating the futures market is the national securities and futures management system and the legitimate rights and interests of investors.

legal ground

Items 1 to 5 of Article 182 of the Criminal Law

Under any of the following circumstances, whoever manipulates the securities and futures market and affects the trading price or volume of securities and futures, 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 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:

(a) alone or in collusion, pooling funds, equity or position advantages, or using information advantages to jointly or continuously buy and sell;

(2) colluding with others to trade securities and futures with each other at the time, price and method agreed in advance;

(3) buying and selling securities between accounts under its actual control, or buying and selling futures contracts on its own.

(four) for the purpose of closing a transaction, frequently or in large quantities, and cancel the declaration;

(5) Using false or uncertain important information to induce investors to trade securities and futures.