China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China Releases Typical Cases on Securities Crimes

Mon, 17 Oct 2022
Categories: China Legal Trends

On 9 Sept. 2022, China’s Supreme People’s Court, the Supreme People’s Procuratorate, the Ministry of Public Security, and the China Securities Regulatory Commission jointly released typical cases on securities crimes.

A total of five cases were included in this batch, which involved offences of illegal disclosure and non-disclosure of important information, transactions based on non-public information, illegal insider trading, leakage of insider information, and the betrayal of listed companies which damaged the company’s interests.

These cases, covering the common and frequent crimes in China’s capital markets as well as new crimes emerging in recent years, address the most typical issues, including:

1. to determine whether the defendants failed to comply with the obligation of information disclosure;

2. to determine whether the practitioners of private equity funds are accomplices in the crime of transactions based on non-public information; and

3. to distinguish between the crime of joint insider trading and the crime of leaking insider information.

According to the relevant data, from 2021 to June 2022, Chinese procuratorates across the country had prosecuted 376 people for various types of securities crimes and handled an array of cases involving financial fraud, market manipulation, insider trading, and other priority areas.

 

 

Cover Photo by Jeremy Cai on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

You might also like

SPC Publishes Typical Cases on Public Security Crimes

In April 2024, China's Supreme People's Court (SPC) released five typical cases illustrating crimes against public security, emphasizing clarifications on trial criteria and sentencing principles, featuring a case involving serious injuries from objects thrown off a high-rise building.

Beijing Court Upholds Workers' Right to Offline Rest

The Beijing No. 3 Intermediate People's Court ruled that workers are entitled to overtime pay for “invisible overtime work” conducted via social media outside of working hours, protecting their right to “offline rest”.

China Revises State Secrets Protection Law

China’s national legislature, the National People’s Congress, revised the State Secrets Protection Law to enhance information classification, secrecy in technological innovation, and precise protection of state secrets, effective May 1, 2024.