Legal basis: Securities Law of People's Republic of China (PRC).
Article 50 insiders of insider information in securities trading and those who illegally obtain insider information are prohibited from using insider information to engage in securities trading activities.
Article 54 Employees of financial institutions such as securities trading places, securities companies, securities registration and settlement institutions and securities service institutions, as well as employees of relevant regulatory departments or trade associations, are prohibited from engaging in securities trading activities related to this information in violation of regulations, or from using other undisclosed information other than insider information obtained by taking advantage of their positions to engage in related trading activities explicitly or implicitly. Those who use undisclosed information to conduct transactions and cause losses to investors shall be liable for compensation according to law.