Wang Ying

WANGYING

EMBA from Peking University's Guanghua School of Management. Holds qualifications as an independent director of a publicly listed company, as well as multiple professional credentials, including senior management and compliance roles in the securities industry. Additionally, serves as a specially invited lecturer for the Chaoyang Lawyers Association in Beijing and the Tianjin Lawyers Association, and is a frequent guest on programs hosted by Phoenix TV. He is also a contributing columnist for several leading media outlets, such as the Securities Daily, Phoenix Finance, and Sohu Finance.
Attorney Wang Ying boasts extensive experience in financial capital legal services and securities dispute resolution, with a deep expertise in securities-related rights protection cases—including insider trading, disclosure violations, market manipulation, and false statements. He specializes in safeguarding the legitimate rights and interests of listed companies, controlling shareholders, directors, supervisors, senior executives, and intermediary institutions. When handling complex cases, he excels with a unique "Criminal-Administrative-Civil-Disciplinary" four-pronged strategic approach, adeptly navigating the intricate interplay of regulatory investigations, criminal accountability, civil claims, and exchange-level scrutiny to fortify his clients' legal defenses. His successful representation has repeatedly resulted in outcomes such as criminal acquittals, reduced penalties, and dismissal of civil liability claims. Notably, several of his landmark cases have set significant precedents in the fields of securities compliance and crisis management.

Typical Case

1. An insider trading case in Shenzhen. A senior executive at a securities firm is suspected of insider trading and leaking insider information—this case marks the largest insider trading scandal in Shenzhen since the founding of the People's Republic of China. However, after the individual voluntarily turned himself in, admitted guilt, and agreed to accept punishment, the China Securities Regulatory Commission (CSRC) initially supported the prosecution’s stance based on its investigative findings. Through legal defense, the defense team successfully overturned the CSRC’s initial determination. Following two court hearings, the procuratorate ultimately withdrew the charges and decided not to prosecute.
2. Yangzhou 1.25 Market Manipulation Case: Several individuals from different business units of a company are suspected of securities market manipulation and have been taken into criminal custody. Following legal defense, we successfully secured their release on bail within six days, submitting a "Legal Opinion Advising Against Arrest." The investigative team ultimately accepted our recommendation, declining to press arrest charges and avoiding criminal prosecution. The defendants have now been released from bail, effectively proving their innocence.
3. A listed company in Hunan is facing a lawsuit filed by institutional investors. The company was sanctioned by the China Securities Regulatory Commission (CSRC) due to financial irregularities, prompting investor-led legal action to protect their rights. The plaintiff, a well-known domestic institutional investor who participated in an additional share offering worth hundreds of millions of yuan, could potentially face substantial compensation liabilities based on preliminary calculations. However, after receiving legal representation, the plaintiff decided to withdraw the lawsuit, thereby avoiding the obligation to pay the estimated hundreds of millions in damages.
4. Disciplinary Action Against CFO in Henan: A listed company was handed an administrative penalty by the China Securities Regulatory Commission (CSRC) for violating information disclosure laws. In response, the stock exchange, based on the CSRC’s ruling, initially intended to publicly censure and discipline the CFO, holding them primarily responsible. However, after legal representation intervened, the exchange revised its decision, determining that the CFO bore only secondary responsibility and opting instead for a public reprimand—significantly mitigating their potential criminal liability.
5. A control-rights dispute at a listed company in Hebei has triggered a complex regulatory case involving criminal, administrative, and civil oversight. In 2022, the original controlling shareholder of the listed company experienced a sharp decline in shareholding due to a loan-related conflict. The lender orchestrated a scheme aimed at forcibly seizing control, employing a combination of civil litigation, administrative investigations, and exchange-discipline probes—while simultaneously leveraging financial media and social media platforms to stir up public debate over the "real vs. alleged controller." Throughout this high-stakes situation, our firm played a pivotal role in managing the risks involved. Over the past two years, we repeatedly assisted our client in navigating through multiple crises, ensuring that the company’s control remained firmly in the hands of its rightful owner. As the situation entered its final phase in 2024, the China Securities Regulatory Commission issued penalties against the client—but notably, these sanctions were far milder than the legal risks initially feared, which had previously fueled widespread public concern.
6. A natural person in Beijing involved in an insider trading case. The individual was referred to a direct-affiliated bureau of the Ministry of Public Security for criminal investigation due to suspected insider trading activities. During the investigation,人民币, U.S. dollars, gold bars, property ownership certificates, and other asset-related documents were seized and confiscated. After legal defense, the initially confiscated items were returned by the Ministry of Public Security. Subsequently, it was determined that the individual had recanted their initial statement, prompting discussions with the prosecutor regarding key legal issues—such as whether the confession was truthful, whether the recantation occurred, and whether the defendant qualified for plea bargaining or reduced sentencing based on admitting guilt and cooperating with authorities. Ultimately, the defendant’s decision to provide a truthful account and plead guilty, coupled with acceptance of the plea bargain, led to a lighter sentence being handed down.
7. An illegal mining case in Inner Mongolia. On October 12, 2018, the "Today's Legal Talk" program featured a segment titled "Earth's Fire." Following the episode, the chairman of the autonomous region issued instructions to take criminal action against several senior executives from the company involved. However, after receiving legal assistance as required by law, the client was not subjected to criminal measures—and ultimately avoided any criminal liability.
8. A casino operation case in Beijing. On September 10, 2019, CCTV-13 reported that public security authorities carried out a coordinated crackdown, arresting 61 individuals. A certain natural person was initially identified as the alleged ringleader. After receiving legal assistance in accordance with the law, the individual was released on bail on the 24th and subsequently not held criminally liable.
9. A natural person was involved in three separate legal defense cases: one in Inner Mongolia related to drug trafficking, another in Henan involving the production of drugs, and a third in Shandong concerning the illegal unauthorized access to citizens' personal information. After providing legal services in accordance with the law: - In the Inner Mongolia drug trafficking case, insufficient evidence led to no arrest being ordered. - In the Henan drug production case, the prosecutor’s office recommended a sentence of more than five years; however, the court handed down a 7-month prison term, which was served in full. - In the Shandong case involving the unauthorized access to citizens' information, the individual was granted bail pending review and prosecution but was never transferred to court. Later, the bail was lifted, and no criminal charges were pursued.