He Yanchun of the Securities Supervision Commission: Market manipulation has always been the focus of the Securities Supervision Commission's crackdown on punishment

On February 21, He Yanchun, director of the Office of the Administrative Punishment Commission of the Securities Supervision Commission, said at the press conference "Strictly crack down on securities violations and crimes in accordance with the law and promote the healthy and stable development of capital markets" that market manipulation is "parasitic" in the market body, distorting the market price formation mechanism, causing market signals such as the direction of buying and selling, the amount of quotation and the number of transactions to be distorted, and misleading trading decisions. This is essentially cheating small and medium-sized investors to buy and sell. Violators get huge profits in a very short period of time and make a lot of money. After retreating completely, prices experience skyrocketing and plummeting, often "chicken feathers all over the place", and the stocks of small and medium-sized investors are "smashed in their hands" Some cases involve a large amount of money, involving a large number of securities, not only affect the internal stability of the market, but also interfere with the transmission of regulatory policies and induce market risks.