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Insider Trading and Market Manipulation Comparative Analysis on the PRC and English Laws

2. Comparative Analysis on the PRC and English Laws. Insider Trading . Insider. Inside Information. Insider Trading Liabilities. Market Manipulation. 3. Insider Trading - Definition. the action of any insider who has access to any insider information of securities trading or who has unlawfully obta

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Insider Trading and Market Manipulation Comparative Analysis on the PRC and English Laws

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    1. 1 Insider Trading and Market Manipulation Comparative Analysis on the PRC and English Laws Wang Zhenyu

    2. 2 Comparative Analysis on the PRC and English Laws

    3. 3 Insider Trading - Definition the action of any insider who has access to any insider information of securities trading or who has unlawfully obtained any insider information take advantage of inside information divulges inside information advises any other person to purchase or sell such Articles 73 and 76 of the PRC Securities Law

    4. 4 Insider - Definition exhaustive list plus one catch-all category directors, supervisors, and senior managers of an issuer major shareholders persons who may may have access to inside information administrators of the securities regulatory body the professional catch-all category

    5. 5 Insider - Comparative Analysis coverage almost identical shareholders, directors, senior managers, other employees of an issuer, lawyers, investment bankers, other professional service providers and staff of the securities regulatory body access to or possession of inside information is a necessary element Chinese definition is non-exhaustive for the existence of a catch-all category

    6. 6 Inside Information Definition and Comparative Analysis general definition plus a non-exhaustive list of specific examples not publicly available of a business or financial nature; or may have a major effect on the market price of the securities “materiality test” is used by both systems to determine what constitutes inside information Chinese law -- influence on the market price English law -- effects on investors

    7. 7 Legal Liabilities - Comparative Analysis compensation to investors fines criminal penalty profit confiscation

    8. 8 Market Manipulation - Definition manipulating the trading price or trading quantity by centralizing their advantages in funds centralizing shareholding advantages taking advantage of their information conspiracy with any other on time, price and method of trading trading securities between the accounts under his own control

    9. 9 Thank you!

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