Controversies

CSRC announces administrative penalty cases involving insider trading in Nanshan Aluminum shares

On October 28, 2016, the China Securities Regulatory Commission announced four administrative penalty cases at a press conference, one of which involved insider trading in Nanshan Aluminum shares. Relevant insiders or associated persons traded Nanshan Aluminum shares before material information was made public and were given administrative penalties by the CSRC in accordance with law. Impact and handling: the penalty targets were the relevant traders; public reports did not state that the listed company itself was penalized; the incident reflects risks in the company's insider information management. Progress: administrative penalty. Entities involved: parties to the insider trading in Nanshan Aluminum shares (individuals). Scope: insider trading related to Nanshan Aluminum shares; the listed company itself was not seen to have been penalized.