"Securities Law"

 

Article 3 The issuance and trading activities of securities must follow the principles of openness, fairness and justice.

 

Article 4 The parties involved in securities issuance and trading activities shall have equal legal status and shall abide by the principles of voluntariness, compensation, honesty and credibility.

 

Article 5 Securities issuance and trading activities must comply with laws and administrative regulations; fraud, insider trading and manipulation of the securities market are prohibited.

 

Article 20 The securities issuance application documents submitted by the issuer to the securities regulatory agency of the State Council or the department authorized by the State Council must be true, accurate and complete.

 

Securities service institutions and personnel that issue relevant documents for securities issuance must strictly perform statutory duties and ensure the authenticity, accuracy and completeness of the documents issued by them.

 

Article 63: Information disclosed by issuers and listed companies in accordance with the law must be true, accurate, and complete, and there must be no false records, misleading statements or major omissions.

 

Article 73: It is prohibited for insiders of securities trading insider information and those who illegally obtain insider information to use inside information to engage in securities trading activities.

 

Article 76: Insiders of securities trading insider information and those who illegally obtain insider information shall not buy or sell the company’s securities, or disclose the information, or advise others to buy or sell the securities before the inside information is disclosed.

 

Natural persons, legal persons, or other organizations that hold or jointly hold more than 5% of the company's shares through agreements or other arrangements with others to purchase shares of listed companies shall be subject to other provisions in this law.

 

If insider trading causes losses to investors, the perpetrator shall be liable for compensation according to law.

 

Article 77: It is prohibited for anyone to manipulate the securities market by the following means:

 

(1) Individually or through collusion, concentrating on the advantage of funds, the advantage of holding stocks, or using the advantage of information to jointly or continuously buy and sell, manipulate the price or volume of securities transactions;

 

(2) Colluding with others to conduct securities transactions with each other at the time, price and method agreed in advance to affect the price or volume of securities transactions;

 

(3) Conducting securities transactions between accounts that they actually control, affecting the price or volume of securities transactions;

 

(4) Manipulating the securities market by other means.

 

If the act of manipulating the securities market causes losses to investors, the perpetrator shall be liable for compensation according to law.

 

Article 78: State functionaries, media practitioners, and relevant personnel are prohibited from fabricating or disseminating false information to disrupt the securities market.

 

It is prohibited for stock exchanges, securities companies, securities registration and settlement institutions, securities service institutions and their employees, securities industry associations, securities regulatory agencies and their staff to make false statements or mislead information in securities trading activities.

 

All kinds of media must be true and objective in disseminating securities market information, and misleading is prohibited.

 

 

 

"Company Law"

 

Article 5 Companies engaged in business activities must abide by laws and administrative regulations, abide by social ethics and business ethics, be honest and trustworthy, accept supervision by the government and the public, and assume social responsibilities. The legitimate rights and interests of the company are protected by law and are not infringed.

 

 

 

"Securities Investment Fund Law"

 

Article 4 Engaging in securities investment fund activities shall follow the principles of voluntariness, fairness, honesty and credibility, and shall not harm national interests and social public interests.

 

Article 63 Accounting firms and law firms that issue audit reports or legal opinions on publicly disclosed fund information shall ensure the authenticity, accuracy and completeness of the contents of the documents issued by them.

 

 

"Administrative Regulations on Futures Trading"

 

Article 3 Engaging in futures trading activities shall follow the principles of openness, fairness, justice, and honesty. Illegal acts such as fraud, insider trading and manipulation of futures trading prices are prohibited.

 

Article 40: No unit or individual may fabricate or spread false information about futures trading, or maliciously collude, join hands in trading, or manipulate futures trading prices in other ways.

 

 

 

"Interim Measures for the Supervision and Administration of Private Investment Funds"

 

Article 3 The private equity fund business shall follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the national interests and social public interests.

 

Article 4 Private equity fund managers and institutions engaged in private equity fund custody business (hereinafter referred to as private equity fund custodians) manage and use private equity fund assets, institutions engaged in private equity fund sales business (hereinafter referred to as private equity fund sales institutions) and other private equity service institutions When engaging in private equity fund service activities, one shall perform his duties with due diligence and fulfill his obligations of honesty, credibility, prudence and diligence. Practitioners of private equity funds shall abide by laws and administrative regulations, and abide by professional ethics and codes of conduct.

 

Article 24 Private equity fund managers and private equity fund custodians shall, in accordance with the contract, truthfully disclose to investors the fund investment, assets and liabilities, distribution of investment income, expenses and performance remuneration borne by the fund, possible conflicts of interest, and possible conflicts of interest. Other material information that affects the legitimate rights and interests of investors shall not be concealed or provided false information.