Xia Dequan manipulated the securities market and was fined nearly 56 million by the Securities Regulatory Commission.

Jin10 data reported on May 23 that the CSRC has launched an investigation into Xia Dequan's manipulation of the securities market. It was found that Xia Dequan engaged in the following illegal activities: during the period in question, Xia Dequan controlled and used multiple securities accounts to manipulate several stocks, with a total profit amounting to 27,978,668.43 yuan. The CSRC decided to confiscate Xia Dequan's illegal gains of 27,978,668.43 yuan and impose a fine of 27,978,668.43 yuan.

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