久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Court accepts Everbright GM's case against watchdog

By Shi Jing in Shanghai | China Daily | Updated: 2014-02-19 08:52

Beijing First Intermediate People's Court accepted and registered on Tuesday a case in which Yang Jianbo, former general manager of the strategy department of Everbright Securities Co Ltd, filed a suit against the Chinese securities watchdog.

The court agreed to accept the lawsuit filed against the China Securities Regulatory Commission by Yang, former head of a trading unit at the Chinese brokerage, who is contesting the punishment he received for alleged insider trading.

Yang and three colleagues were banned for life from the securities industry and fined 600,000 yuan ($99,000) each by the commission in August after an investigation determined they had committed insider trading.

Yang's lawyer, Li Jiang, a partner at the Beijing-based Zhong Zhao Law Firm, submitted a complaint to Beijing First Intermediate Court on Feb 8.

The commission found that after a computer malfunction during morning trade on Aug 16, which caused Everbright to take a 7.27 billion yuan long position on a commonly traded exchange-traded fund, Yang and his colleagues committed insider trading by partially unwinding that position in afternoon trade without properly disclosing the original trading error.

Yang claims the existence of a trading error doesn't qualify as inside information and that subsequent trades designed to unwind them were in line with the unit's normal hedging strategy, not an exceptional response to the mistaken orders.

In a regular meeting held last Friday, Zhang Xiaojun, a commission spokesman, said it had released its explanation about the Everbright Securities' case in two news conferences in August and November last year and there had been no further updates.

According to legal proceedings, a copy of the bill of complaint will be sent to the defendant - the commission - within five days after the court accepted the case. After that, the commission should provide its defense to the court within 10 days. The court will then send a copy of the bill of defense to the plaintiff within five days. The court should make its first trial decision within three months as soon as the case is registered.

"I have never doubted whether the court will accept my suit or not because the facts are mostly known to the general public. I believe I will get a just result," said Yang.

Two software bugs, one in the trading system created by an outside provider and the other in Everbright's arbitrage system, caused a trading error what mistakenly sent huge buy orders valued at 23.4 billion yuan on Aug 16. Of this, 7.27 billion yuan was transacted. The big buy order lifted the benchmark Shanghai Composite Index 5.96 percent in three minutes.

In an earlier interview with China Daily, Yang admitted the existence of the bugs but said it was wrong for the commission to classify Everbright Securities' case as insider trading. "This case and the business of the strategic investment department are all beyond the knowledge of the general public as well as the commission ," he said.

Yang Yifei, a lawyer with Beijing-based Zhong Zhao Law Firm, is one of the two attorney agents in Yang's case against the commission. He also agrees that the Everbright Securities case should not be determined as insider trading, saying it was just a mistaken buy order. He added members of the commission were at the company when the case incident occurred on Aug 16.

"According to the present Securities Law of the People's Republic of China and Administrative Regulations on Futures Trading, there is neither regulation nor rule equating the above two or an explicit definition of insider trading," he said.

The latest amendments to the Securities Law were made in 2005. The Everbright Securities case will help develop the maturity of the law. It will also prompt the commission to enforce its duties more carefully, said the lawyer.

The commission fined Everbright Securities a record 523 million yuan for the alleged infringement. The securities company's former president Xu Haoming, assistant executive Yang Chizhong and secretary of the board of directors Mei Jian resigned shortly after the case. Xu and Yang, together with Shen Shiguang, general manager of the accounting department, and Yang Jianbo were fined by the commission and banned from any work involving the stock exchange.

The net profit of Everbright Securities was 212 million yuan in 2013, down 78.79 percent year-on-year, with earnings per share dropping to 0.0622 yuan.

shijing@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    久久久精品免费网站| 亚洲夂夂婷婷色拍ww47| av一区二区三区在线| 国产精品夫妻自拍| 色婷婷综合久久久中文一区二区| 一区二区三区日韩精品视频| 欧美日韩国产免费一区二区 | 日韩欧美视频在线| 国产精品羞羞答答xxdd| 亚洲欧美中日韩| 欧美日韩国产一区二区三区地区| 久久精品噜噜噜成人88aⅴ| 国产女人18水真多18精品一级做| 色综合久久88色综合天天6| 日韩精品免费专区| 久久久国产一区二区三区四区小说| 波多野结衣中文字幕一区| 亚洲综合自拍偷拍| 亚洲精品一区二区三区福利 | 亚洲国产激情av| 欧美性色黄大片| 精品一区二区av| 亚洲人成电影网站色mp4| 欧美一级高清片| 99精品欧美一区二区三区小说 | 丝袜国产日韩另类美女| 日本一区二区三区在线不卡| 欧美日韩美少妇| 丁香六月久久综合狠狠色| 亚州成人在线电影| 欧美国产禁国产网站cc| 欧美三级电影网站| 国产大片一区二区| 日韩在线观看一区二区| 国产精品卡一卡二卡三| 666欧美在线视频| 成人av在线一区二区| 轻轻草成人在线| 亚洲色大成网站www久久九九| 日韩一区二区精品葵司在线| av亚洲产国偷v产偷v自拍| 日韩av不卡在线观看| 日韩美女啊v在线免费观看| 欧美xxx久久| 欧美三级蜜桃2在线观看| 懂色av一区二区夜夜嗨| 蜜桃视频在线观看一区| 亚洲精品国产第一综合99久久 | 久久精品一级爱片| 欧美美女直播网站| 97久久精品人人爽人人爽蜜臀| 理论电影国产精品| 亚洲一区二区三区四区中文字幕| 国产亚洲欧美激情| 欧美一级日韩不卡播放免费| 91麻豆蜜桃一区二区三区| 激情六月婷婷综合| 日韩电影在线观看电影| 亚洲精选在线视频| 亚洲国产高清在线| www国产成人免费观看视频 深夜成人网| 欧美在线观看18| av高清久久久| 国产91丝袜在线18| 韩国av一区二区三区在线观看| 石原莉奈在线亚洲二区| 亚洲综合一区二区三区| 1024亚洲合集| 欧美激情中文不卡| www国产亚洲精品久久麻豆| 日韩一区二区三区视频| 欧美色精品天天在线观看视频| 91网页版在线| 99精品在线观看视频| 成人激情av网| 成人午夜在线播放| 国产成人午夜99999| 韩国在线一区二区| 伦理电影国产精品| 美脚の诱脚舐め脚责91| 奇米四色…亚洲| 三级不卡在线观看| 三级在线观看一区二区| 亚洲成人在线免费| 一区二区三区资源| 亚洲黄色小说网站| 亚洲欧美偷拍卡通变态| 亚洲婷婷综合久久一本伊一区 | 亚洲午夜久久久久中文字幕久| 最新欧美精品一区二区三区| 国产精品高潮呻吟| 国产精品成人在线观看| 中文字幕在线不卡国产视频| **性色生活片久久毛片| 亚洲欧洲精品天堂一级| 亚洲色图欧洲色图婷婷| 亚洲激情中文1区| 亚洲精品乱码久久久久久久久 | 成人免费毛片嘿嘿连载视频| 国产精品影视在线观看| 国产裸体歌舞团一区二区| 国产一区二区伦理片| 国产一区二区三区久久悠悠色av| 狠狠色综合日日| 国产精品1024| 成人动漫一区二区三区| 91影院在线免费观看| 色综合视频一区二区三区高清| 色吊一区二区三区| 欧美色图激情小说| 欧美一三区三区四区免费在线看 | 欧美日韩一区在线观看| 欧美精品黑人性xxxx| 日韩视频一区二区在线观看| 精品久久久久99| 久久九九99视频| 国产精品久久久久三级| 亚洲精品乱码久久久久| 午夜av一区二区| 精品在线播放免费| 丁香婷婷综合色啪| 色就色 综合激情| 9191国产精品| 久久久久国产精品人| 国产精品久久二区二区| 亚洲一区二区三区中文字幕 | 日本亚洲欧美天堂免费| 激情深爱一区二区| 成人免费高清在线观看| 日本电影欧美片| 日韩免费成人网| 欧美国产激情一区二区三区蜜月| 亚洲人妖av一区二区| 午夜日韩在线观看| 国产综合一区二区| 91香蕉视频mp4| 678五月天丁香亚洲综合网| 久久精品一区二区三区不卡| 亚洲欧美日韩久久| 日韩激情在线观看| 国产69精品久久久久毛片| 在线观看视频一区二区| 精品少妇一区二区三区在线播放 | 日本不卡123| 成人午夜视频免费看| 欧美三级日本三级少妇99| 亚洲精品一区二区三区精华液| 亚洲视频电影在线| 日本不卡中文字幕| 成人精品视频一区二区三区| 欧美午夜在线观看| 久久这里只有精品视频网| 国产精品美女一区二区| 丝袜国产日韩另类美女| 国产99久久久精品| 欧美久久婷婷综合色| 国产欧美一区二区精品婷婷| 亚洲一区在线看| 国产高清不卡一区二区| 欧美色精品天天在线观看视频| 久久久国产午夜精品| 亚洲成人一区二区在线观看| 国产成人久久精品77777最新版本| 欧美视频一二三区| 中文字幕乱码一区二区免费| 偷拍日韩校园综合在线| 成人少妇影院yyyy| 337p亚洲精品色噜噜噜| 18成人在线观看| 国内精品免费**视频| 欧美日韩综合色| 国产精品视频观看| 蜜臀av一区二区在线免费观看| 97aⅴ精品视频一二三区| 精品国产乱码久久久久久浪潮| 一区二区三区久久久| 国产精品18久久久久久久久| 91精品免费在线观看| 亚洲欧美另类图片小说| 国产馆精品极品| 日韩欧美电影一二三| 一区二区三区免费网站| 成人丝袜18视频在线观看| 日韩精品一区二区在线| 亚洲夂夂婷婷色拍ww47| fc2成人免费人成在线观看播放| 日韩欧美电影一二三| 亚洲成人在线免费| 91视频91自| 欧美激情中文不卡| 国产又黄又大久久| 欧美精品在线观看播放| 亚洲精品国产a久久久久久 | 在线观看日韩精品| 国产精品久久精品日日| 国产精品中文字幕日韩精品| 日韩亚洲欧美综合| 午夜精品久久久久久久蜜桃app| 色综合久久久久综合体桃花网| 久久精品视频免费|