Parties concerned:

Ding Qiulin, born in 1992, Macheng, Hubei.

Hong'an Renxin Investment Management Co., Ltd.

On July 20, 2020, Ding Qiulin and Hong'an Renxin Investment Management Co., Ltd. carried out accommodation trading on crude oil (SC) 2206 and crude oil (SC) 2212 contracts through pre-agreed prices, resulting in profit gains for the futures account of Ding Qiulin and losses to the futures account of Hong'an Renxin Investment Management Co., Ltd., affecting the futures trading price.

The above-mentioned behaviors have constituted the illegal behaviors of " applying methods such as transferring or splitting positions between accounts, or accommodation trade, to affect the prices on the Exchange, or to transfer funds between accounts or make illegal profits" stipulated in Article 29, paragraph 1, section 3 of the Enforcement Rules of the Shanghai International Energy Exchange.

Accordingly, Shanghai International Energy Exchange (INE) decides to give a reprimand to Ding Qiulin and Hong'an Renxin Investment Management Co., Ltd., and require them to make rectifications, and suspend the accounts of Ding Qiulin and Hong'an Renxin Investment Management Co., Ltd. from opening positions and trading for 3 months.

Relevant futures firms shall strengthen client compliance, improve the monitoring and management of online transactions, and prevent the recurrence of similar incidents. INE will record the relevant decisions of rule violation into the Securities and Futures Market Credibility File Database.

Shanghai International Energy Exchange

January 15, 2021