Du Xueyi, Director of the Economic Crime Procuratorate of the Supreme People's Procuratorate: In recent years, insider trading, market manipulation and other trading crimes have been rampant.

Jinshi data, February 21st, the head of the Economic Crime Procuratorate, Du Xueyi, said at the press conference on ‘Strictly Crack Down on Securities Violations and Crimes and Promote the Healthy and Stable Development of the Capital Market’ that, from the handling of cases by the procuratorial organs in recent years, securities crimes have the characteristics of ‘more than two and complex’. First, insider trading and market manipulation crimes are still prevalent, and some perpetrators use financial instruments such as trust plans and over-the-counter options to commit crimes, with off-exchange margin financing, professional manipulation, stock recommendation ‘black mouth’, and compartmentalized software development participating in illegal transactions. Second, the number of financial fraud cases such as fraudulent issuance and irregular disclosure of information has risen, the fraudulent patterns are complex, the number of participants is large, the amounts involved are huge, and the legitimate rights and interests of investors are seriously violated. Third, the situation of private sale fund crimes is complex. There are not only illegal fund-raising crimes at the fund-raising end, but also misappropriation and embezzlement crimes at the fund use end, which are intertwined with securities crimes.