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Shanghai Futures Exchange Issues Disciplinary Action Against Fund Manager Luan Kun for Market Manipulation in September 2025

GateNews
Metals

According to Shanghai Futures Exchange, on May 11, fund manager Luan Kun and Tongkun Jianxin No.1 Private Securities Investment Fund received a disciplinary warning for manipulative trading activities. On September 29, 2025, Luan Kun executed pre-arranged reciprocal trades and fund transfers between the fund’s accounts and client accounts in gold options contracts, disrupting market order. The conduct violated provisions of the Shanghai Futures Exchange Disciplinary Measures.

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