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众所周知,在证券市场上,证券价格举足轻重,而由供需关系形成价格升落是正常的。另外,由于证券作为金融商品进入市场实际上是虚拟资本,其价值取决于发行公司的盈利状况和市场利率的变化等因素,具有很大的不确定性。操纵证券市场行为因人为地扭曲证券市场的正常价格,扰乱证券市场的正常秩序,必然损害众多投资者利益,甚至可能引起社会的震荡,其社会危害性之大是显而易见的。就上海和深圳两地证券市场建立后所出现的几次大的价格波动分析而言,尽
As we all know, in the securities market, the price of securities plays a decisive role, while the formation of a price rise by the relationship between supply and demand is normal. In addition, since the securities entering the market as financial products are actually virtual capital, the value of the securities depends on such factors as the profitability of the issuing company and changes in the market interest rate, and so on. There is great uncertainty. Manipulating the stock market artificially distorts the normal price of the securities market and disrupts the normal order of the securities market, thus inevitably damaging the interests of many investors and may even cause social turmoil. It is obvious that its social harmfulness is large. In terms of several big price fluctuation analysis after the establishment of the stock market in Shanghai and Shenzhen,