China exchange committee aviso the case that Beijing shoufang investment consultant LTD and its legal representative, wang Jianzhong controlled the market and they decided to withdraw the company’s qualification certification and confiscated their illegal money 125 million yuan in total also with a charge of 125 penalties. They also had been withdrawing the admission of entering not the security business for life.

It was the first time for the security market to lay a penalty beyond 100 million yuan for the illegal punishment. It was introduced that the security would put on a record on Wang Jianzhong and its illegal behaviors.

As the investigation, the legal representative, CEO, also the manager Wang Jianzhong made use of the influence of Beijing Shouchuang and his authority in security and investment to control the market and obtain illegal profit by the chance of promoting the share though the excuse of buying the security first, then introducing to the public and last selling out.

Wang Jianzhong illegally controlled the exchanges for 55 times and sold 38 shares and stock certification, with a financial benefit of 125 million yuan from January in 2007 to may in 2008.

After the investigation and the inquisition, the security committee sentenced the behaviors of Wang and Beijing Shouchuang to be illegal and disobey the request of security market. The committee has decided to perform their decision and withdraw the illegal money also took the same amount of penalty.