The supervisory authorities continue to step up their crackdown on and expose illegal acts of insider trading. Recently, the Securities Regulatory Commission issued two administrative penalty decisions, issuing fines for two insider trading cases. Both parties were investigated on suspicion of insider trading. In the end, they were each punished with “no one penalty of three”, with a total forfeiture amount of nearly 14.8 million yuan. First Finance noticed that one of the parties involved, Gong Maojiang, had the same name as Gong Maojiang, the former head of Ping An Bank Shanghai Branch and Shanghai Pilot Free Trade Zone branch. First Finance contacted the latter via text message, but received no response, and no one answered the phone.

The supervisory authorities continue to step up their crackdown on and expose illegal acts of insider trading. Recently, the Securities Regulatory Commission issued two administrative penalty decisions, issuing fines for two insider trading cases. Both parties were investigated on suspicion of insider trading. In the end, they were each punished with “no one penalty of three”, with a total forfeiture amount of nearly 14.8 million yuan. First Finance noticed that one of the parties involved, Gong Maojiang, had the same name as Gong Maojiang, the former head of Ping An Bank Shanghai Branch and Shanghai Pilot Free Trade Zone branch. First Finance contacted the latter via text message, but received no response, and no one answered the phone.