Shanghai Stock Exchange suspends trading accounts for abnormal trading in Shengu Group IPO
On September 18, 2026, the Shanghai Stock Exchange announced self-regulatory measures against 50 instances of abnormal securities trading, including price manipulation and false order placements, from September 14-18. Specifically, since its listing on September 17, Shengu Group’s stock surged 373.8% on its first day and closed at 57.77 yuan on September 18, up 177.74%. The SSE suspended trading accounts for investors engaged in abnormal trading that disrupted market order.
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Shanghai Stock Exchange Suspends Accounts for Abnormal Trading in New Stock Shengu Group
On September 18, 2026, the Shanghai Stock Exchange (SSE) announced it had taken self-regulatory measures against 50 instances of abnormal securities trading activities, including price manipulation and false order placements, between September 14 and September 18. The SSE placed key volatile stocks such as Longban Media under focused monitoring, conducted special inspections on 33 major matters involving listed companies, and reported two leads of suspected illegal or non-compliant activities to the China Securities Regulatory Commission (CSRC). Specifically, since its listing on September 17, the new stock Shengu Group experienced substantial price fluctuations, with some investors engaging in abnormal trading behaviors that disrupted normal stock trading order. In response, the SSE took self-regulatory measures, including suspending account trading, against the relevant investors. The SSE reminded investors to pay attention to risks, participate prudently, and trade in compliance with regulations.
Read sourceShengu Group Surges 300%, Shanghai Stock Exchange Suspends Investor Accounts
The Shanghai Stock Exchange (SSE) announced self-regulatory measures against 50 instances of abnormal securities trading from September 14 to 18, 2026, targeting stock price manipulation and false declarations. Specifically, since its listing on September 17, Shengu Group (601091.SH) experienced extreme price volatility, with some investors engaging in abnormal trading behaviors. The SSE suspended account trading for the relevant investors. On September 18, Shengu Group's stock surged nearly 300% intraday to a high of 82.59 yuan, closing at 57.77 yuan with a market capitalization of 179.66 billion yuan. The stock had opened nearly 28% lower during pre-market auction at 15 yuan. On its first trading day, the stock rose 373.80% with a turnover of 2.181 billion yuan. After market close on September 18, Shengu Group issued a risk warning, stating the stock price had accumulated substantial gains, closing at 57.77 yuan on September 18, a further daily gain of 177.74%, significantly deviating from industry valuation levels. The company warned of risks of a sharp correction following rapid appreciation.
Read sourceShanghai Stock Exchange Suspends Trading Accounts for Abnormal Trading in Shen Gu Group
The Shanghai Stock Exchange (SSE) announced regulatory actions taken from September 14 to September 18, 2026. The Listed Company Regulatory Department issued eight regulatory work letters and required five supplementary or corrective announcements. The SSE also intensified supervision of information disclosure and stock price anomalies, initiating investigations into 24 cases of suspected insider trading or abnormal trading. In market trading supervision, the SSE took self-regulatory measures against 50 instances of abnormal securities trading behaviors, including price manipulation and false order placements, targeting Longban Media among others. Notably, since its listing on September 17, 2026, the newly listed Shen Gu Group experienced substantial stock price volatility, with some investors engaging in abnormal trading activities that disrupted normal stock transaction order. In response, the SSE imposed self-regulatory measures, including suspending account trading on the relevant investors. The SSE reminded investors to pay attention to risks, participate prudently, and trade in compliance with applicable rules.
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Shanghai Stock Exchange Issues Risk Warning After Shengu Group IPO Volatility
On September 18, 2026, the Shanghai Stock Exchange (SSE) released its routine weekly report on market operations. Regarding listed company supervision from September 14 to 18, the SSE's corporate regulatory department issued eight regulatory work letters and required five supplementary or corrective announcements. The exchange intensified coordinated supervision of information disclosure and stock price anomalies, initiating investigations into insider trading and abnormal trading for 24 cases. In market trading supervision, the SSE took self-regulatory measures against 50 instances of abnormal securities trading behaviors, targeting Longban Media. Notably, since the new listing of Shengu Group on September 17, its stock price has experienced significant volatility. Some investors engaged in abnormal trading activities that disrupted normal trading order. In accordance with regulations, the SSE imposed self-regulatory measures, including suspension of account trading, on the relevant investors. The SSE reminded investors to pay attention to risks, participate prudently, and trade in compliance with regulations.
Read sourceShanghai Stock Exchange Suspends Accounts for Abnormal Trading in Shen Gu Group
The Shanghai Stock Exchange (SSE) announced on September 18, 2026, that it had taken self-regulatory measures against 50 instances of abnormal securities trading activities, including price manipulation and false declarations, between September 14 and September 18. Specifically, since its listing on September 17, Shen Gu Group (stock code: 601091) experienced significant stock price volatility. The SSE imposed measures such as suspending account trading for investors engaged in abnormal trading behaviors that disrupted normal order. On the afternoon of September 18, Shen Gu Group closed up 177.74% at 57.77 yuan per share, with a total market capitalization of 179.7 billion yuan. The stock was listed on the SSE main board on September 17 at an issue price of 4.39 yuan, the lowest issue price of the year, and surged 373.8% on its first day.
Read sourceShanghai Stock Exchange Sanctions Investors for Abnormal Trading in Shenyang Blower Group Shares
The Shanghai Stock Exchange (SSE) announced that from September 14 to September 18, 2026, it took self-regulatory measures against 50 cases of abnormal securities trading activities, including price manipulation and false order placements, involving Longban Media. Specifically, since its listing on September 17, the stock price of new IPO Shengu Group (Shenyang Blower Group) experienced significant volatility. Some investors engaged in abnormal trading behaviors that disrupted the normal order of stock transactions while trading this security. In accordance with regulations, the SSE imposed self-regulatory measures such as suspending trading accounts for the relevant investors. The report is sourced from Jiemian News and published on East Money.
Read sourceShanghai Stock Exchange Suspends Accounts of Investors in Shengu Group Listing for Abnormal Trading
On September 18, the Shanghai Stock Exchange (SSE) announced that it had taken self-regulatory measures against 50 instances of abnormal securities trading activities, including price manipulation and false order placements, involving Longban Media, from September 14 to September 18. Specifically, since its listing on September 17, the newly issued shares of Shengu Group experienced significant price volatility, with some investors engaging in abnormal trading behaviors that disrupted the normal order of trading. In response, the SSE suspended trading accounts for the relevant investors in accordance with regulations. The SSE reminded investors to pay attention to risks, participate prudently, and trade in compliance with regulations. The report was sourced from Beijing Business Today and published on East Money.
Read sourceShanghai Stock Exchange Suspends Trading Accounts of Investors in Shengu Group
On September 18, the Shanghai Stock Exchange (SSE) announced it had taken self-regulatory measures against 50 instances of abnormal securities trading behaviors, including price manipulation and false order placements, during the past week. The SSE placed stocks with significant volatility, such as Longban Media, under key monitoring, conducted special investigations into 33 major matters involving listed companies, and reported two leads on suspected illegal or non-compliant activities to the China Securities Regulatory Commission (CSRC). Specifically, since its listing on September 17, the stock price of newly listed company Shengu Group has experienced substantial fluctuations. The SSE stated that some investors engaged in abnormal trading behaviors during transactions of this stock that disrupted normal market order. Consequently, the SSE has taken self-regulatory measures, including suspending account trading, against the relevant investors in accordance with regulations. The SSE reminded investors to pay attention to risks, participate prudently, and trade in compliance with applicable rules.
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