Individual Cao Jian's insider trading fined by the Securities Regulatory Commission exceeds 22 million yuan.

The China Securities Regulatory Commission issued an administrative penalty decision, stating that during the sensitive period of insider information, Cao Jian had multiple contacts and interactions with individuals knowledgeable of the insider information. After contacting and obtaining insider information from these individuals, Cao Jian controlled multiple accounts of others as well as his own account during the sensitive period of insider information. He made decisions to buy shares of relevant listed companies. The timing of account opening and trading, the timing of insider information changes, and the timing of obtaining insider information all coincided closely. There were obvious abnormal characteristics such as large amounts of funds transferred for buying, significantly increased holdings and holding periods. It was calculated that he made a total profit of 5,598,540.60 yuan from these transactions. His actions violated Article 50 and the first paragraph of Article 53 of the Securities Law, constituting insider trading as described in Article 191(1) of the Securities Law. The China Securities Regulatory Commission decided to confiscate the illegal gains of 5,598,540.60 yuan from Cao Jian and imposed a fine of 16,795,621.80 yuan on him.