The crime of falsifying and spreading false securities and futures trading information refers to the act of falsifying and spreading false information affecting securities and futures trading, which disturbs securities and futures trading markets and causes serious results.

The “false information affecting securities and futures trading” refers to the information inconsistent with facts or untrue or incomplete information that may affect prices and turnover of securities and futures trading. The crime is constituted only when the doer falsifies and spreads such kind of information, which objectively disturbs securities and futures trading markets and leads to serious results.

It is stipulated in Article 181 of the “Criminal Law” that “Persons committing the crime will be sentenced to imprisonment of less than five years or detention and a fine of more than RMB10,000 and less than RMB0.1 million concurrently or separately.”

For organizations committing the crime, a fine will be imposed on them, and their persons in direct charge and other directly responsible personnel will be sentenced to imprisonment of less than five years or detention.