Investors affected by the market manipulation case involving Jiangyin Hengrun Heavy Industries Co., Ltd. (603985) can register for compensation claims on the Sina investor rights protection platform.
On November 28, 2025, lawyer Xu Feng from Shanghai Jiucheng Law Firm submitted another batch of investor claims related to the stock manipulation of Jiangyin Hengrun Heavy Industries (603985) to the Nanjing Intermediate People's Court.
Xu Feng has filed multiple claims in the Jiangyin Hengrun market manipulation case, with further court proceedings pending. The legal team continues to process additional claims and accepts new submissions from affected investors.
On December 6, 2024, the China Securities Regulatory Commission (CSRC) penalized Cheng Lixin, the second-largest shareholder, legal representative, and chairman of Jiangyin Hengrun Heavy Industries, along with others, for market manipulation. The investigation revealed the following violations:
1. Cheng Lixin, Ding Jian, and Zhang Yazhou conspired to manipulate the stock price. 2. The manipulation involved: - Cheng Lixin holding shares under others' names. - Controlled release of four positive announcements between July 29 and November 8, 2023, artificially inflating the stock price by 96.65%, significantly outperforming market indices. - Ding Jian using 22 securities accounts to buy shares during price declines, generating profits of RMB 20.52 million.
Investors who traded Jiangyin Hengrun shares between July 10 and December 27, 2023, and suffered losses may still file claims.
Separately, on November 28, 2025, a hearing was held for investor claims against Orient Group Incorporation (600811), also represented by Xu Feng. The legal team continues to accept claims in this case.
On April 29, 2025, the CSRC penalized Orient Group for falsifying financial reports from 2020 to 2023. The company inflated revenues and costs through fabricated trade transactions, misleading investors.
Investors who purchased Orient Group shares between April 30, 2021, and June 22, 2024, and held or sold them after June 22, 2024, may be eligible for compensation.
(Note: This summary is based on legal submissions and does not represent the views of any media outlet. Lawyer Xu Feng specializes in securities fraud cases, including false statements, insider trading, and market manipulation.)
Comments