Tu Qiang was disqualified from the fund. In addition to confiscation of illegal income, he was fined 2 million yuan and banned from the market for life. Cancel the qualification of Liu Hai Fund, confiscate the illegal income and impose a fine of 500,000 yuan, and ban the market for 3 years; In addition, the CSRC has transferred Han Gang to the public security organs for criminal responsibility.
The incident originated from the surprise inspection of 14 fund companies by Shenzhen Securities Regulatory Bureau in late August 2009. It was found that Tu Qiang, manager of Jing Shun Great Wall Fund, and Han Gang and Liu Hai, managers of Great Wall Fund, were suspected of using non-public information to buy and sell stocks, commonly known as "rat warehouses", and the amount of accounts involved ranged from several hundred thousand yuan to several million yuan.
On September 18, 2006, Tu Qiang served as the manager of Jing Shun Great Wall Dynamic Balance Fund. During his tenure, he operated two securities accounts opened by his relatives, Zhao and Wang, and bought and sold the same stocks before or at the same time as the dynamic balance fund managed by Tu Qiang, involving 23 stocks including Shanghai Pudong Development Bank. The accounts of Zhao and Wang made an illegal profit of 379,500 yuan. Tu Qiang provided the accounts of Zhao and Wang.