Changan Automobile insider trading case: Employees from both sides bought stocks accurately before cooperating with Huawei, making a profit of over 4 million yuan, and were fined 16.69 million yuan.

On May 22, the China Securities Small and Medium Investor Service Center disclosed information about the "Han and other people insider trading in Changan Automobile case", showing that multiple employees of the collaborating parties made profits of more than 4 million yuan through insider trading, and were fined 16.69 million yuan. The Investor Service Center stated that on November 26, 2023, Changan Automobile announced the signing of an "Investment Memorandum" with a well-known technology company, planning to carry out strategic cooperation in the smart car business. Before the announcement was made, related information began to circulate on the internet, indicating that insider information may have been leaked in advance. The regulatory authorities responded quickly and found that some securities accounts related to the two companies had aggressively bought Changan Automobile shares, with suspicious trading activities, prompting an investigation. It was found that prior to the public announcement of the major matter, multiple employees of the collaborating parties - Han, Peng, Jie, Wei, and Wang, utilized insider information to purchase a large amount of Changan Automobile stocks, with a total purchase amount of 61 million yuan, and a total profit of over 4 million yuan. The China Securities Regulatory Commission determined that the actions of Han and others in purchasing Changan Automobile stocks before the disclosure of insider information constituted insider trading, and decided to confiscate their illegal gains and impose a fine of 16.69 million yuan, and transfer relevant individuals suspected of criminal offenses to the public security authorities. Han and Wei have fully paid the fines.