CSRC: Individual Chen Qinyan engaged in insider trading in related company stocks, profiting 8.2 million RMB, fined nearly 50 million RMB.

China Securities Regulatory Commission Administrative Penalty Decision No. 133 of 2025 shows that an investigation has been conducted into insider trading by Chen Qinyan. On June 13, 2022, the relevant company issued a suspension announcement regarding the planned major asset restructuring, stating the intention to acquire controlling rights of another company through the issuance of shares and cash payment. Chen Qinyan has a close relationship with individuals in possession of insider information. During the sensitive period of insider information, Chen Qinyan traded the stocks of the relevant company using multiple accounts, including his own and others, with significant trading volume. He also engaged in activities such as transferring new funds into the accounts and margin buying. His buying intention was very strong, and he made a total profit of 8,213,974.45 yuan. The above actions violated Articles 50 and 53(1) of the Securities Law, constituting the insider trading as described in Article 191(1) of the Securities Law. Based on the facts, nature, circumstances, and extent of social harm of Chen Qinyan's illegal activities, in accordance with Article 191(1) of the Securities Law, the China Securities Regulatory Commission has decided to confiscate the illegal gains of 8,213,974.45 yuan from Chen Qinyan and impose a fine of 41,069,872.25 yuan.