1999 yi' an technology 65438+ 10 began to rise on October 20th, from 10.8 1 yuan to February 15, 2000, the share price of yi' an technology reached 104.88 yuan. Yi 'an Technology, formerly known as Shenzhen Jinxing Industrial Co., Ltd., was listed and traded on Shenzhen Stock Exchange on May 7, 1992. 1May, 1999, driven by the upsurge of internet technology stocks sweeping China, in less than two months, the Shanghai Composite Index started from below 1 100, and the highest point reached 1725, with an increase of over 50%.

I. Yi 'an Science and Technology Event

In just 70 trading days, the share price of Yi 'an Technology rose from 26 yuan to 1999 to 17 in February 2000. By February, 2000, the share price of Yi 'an Technology had exceeded 100 yuan, becoming the first breakthrough market price since the stock reform in Shanghai and Shenzhen. 20011China Securities Regulatory Commission announced that it would investigate and deal with the case of Yi 'an Technology's alleged manipulation of stock prices, focusing on monitoring the main accounts holding Yi 'an Technology shares.

Second, the illegal operation of Ian Technology

As far as the inside story disclosed by the CSRC is concerned, the stock surge of "Yi 'an Technology" is purely manipulated by the banker. Since June 5438+0998+1October 5, these four companies in Guangdong have concentrated their funds, used 627 individual stock accounts and 3 corporate stock accounts, and bought a large number of "Shen Jinxing" stocks. The positions from 10/99865438+530,000 shares on October 5th, accounting for 1.52% of the outstanding shares, to 300199120,000 shares at the peak. At the same time, through the different stock accounts under its control, it takes itself as the trading object and carries out self-buying and self-selling without transferring ownership.

These behaviors coincide with the skyrocketing start of the share price of "Yi 'an Technology". These four companies conduct almost cost-free transactions through their stock accounts, which affect the trading price and volume of securities, and jointly manipulate the stock price of "Yi 'an Technology" to reap huge profits.