Whoever commits this crime shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also or solely be fined; if the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, and shall also be fined. If a unit commits this crime, it shall be fined, and its directly responsible supervisor 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 Under any of the following circumstances, manipulating securities or futures Market, affecting the trading prices or trading volume of securities or futures, and the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and concurrently or solely a fine; if the circumstances are particularly serious, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than 10 years, Also subject to fines:

(1) Individually or in collusion, concentrating financial advantages, shareholding or position advantages, or taking advantage of information advantages to jointly or continuously trade;

(2) Colluding with others , conducting securities and futures transactions with each other at the time, price and method agreed in advance;

(3) Conducting securities transactions between accounts actually controlled by oneself, or using oneself as the trading object, buying and selling by oneself Selling futures contracts;

(4) Making frequent or large-scale declarations to buy or sell securities or futures contracts without the purpose of completing transactions and canceling the declarations;

(5) Using False or uncertain material information to induce investors to conduct securities or futures transactions;

(6) Make public evaluations, predictions or investment suggestions for securities, securities issuers, and futures trading targets, and at the same time make countermeasures Trading in securities or related futures;

(7) Manipulating the securities and futures markets in other ways.

If a unit commits the crime in the preceding paragraph, the unit shall be fined, and the person directly in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph.

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