(a) alone or in collusion with each other, concentrate the advantages of capital, shareholding or use the advantages of information to jointly or continuously buy and sell securities and manipulate the trading price of securities.
(2) colluding with others to trade securities with each other at the time, price and manner agreed in advance, or buying and selling securities that are not held by each other, thus affecting the price or volume of securities trading;
(3) buying and selling securities without transferring the ownership of securities, which affects the trading price or trading volume of securities;
(4) manipulating the trading price of securities by other means.
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.
This article is amended as: "Whoever manipulates the securities and futures markets under any of the following circumstances, 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:
(1) Individually or in collusion, concentrating capital advantages, holding shares or positions, or using information advantages to jointly or continuously buy and sell, and manipulating the trading price or trading volume of securities and futures;
(2) colluding with others to trade securities and futures with each other at the time, price and manner agreed in advance, which affects the trading price or volume of securities and futures;
(3) Trading securities between accounts under its actual control, or buying and selling futures contracts on its own, which affects the trading price or volume of securities and futures.
(4) manipulating the securities and futures markets by other means.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph. "
Legal basis:
Criminal law of the people's Republic of China
Article 182 Any of the following circumstances is the crime of manipulating the securities and futures market. If the circumstances are serious, he 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 deal, frequently or in large quantities, and cancel the declaration;
(5) Using false or uncertain important information to induce investors to trade securities and futures.
(6) Making comments, predictions or investment suggestions on the disclosure of securities, securities issuers and futures trading targets, and conducting reverse securities trading or related futures trading at the same time;
(7) Manipulating the securities and futures markets by other means.
If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.