# CZCE disciplinary decision 2026 No. 158: lending trading codes

The official Chinese text prevails.

## English summary

In decision 2026 No. 158, CZCE found that the named parties lent trading codes from 4 to 13 March 2024, allowing others to use them for violations. Under Article 30 of its violation-handling rules, specified parties received public censure and a 12-month suspension of opening positions across all products; the remaining named parties received public censure. The disciplinary results will be recorded in the securities and futures market integrity database.

Timing stated in this notice: Not established by this summary. Consult the official Chinese notice.

Scope: The parties individually identified in decision 2026 No. 158; the opening-position suspension applies only to the specified subset.

Limitations: The notice assigns different sanctions to different parties. It does not announce a market-wide opening restriction or a separate commencement date for the 12-month suspension.

Topics: [Compliance](https://chinaexchangecirculars.com/topics/compliance/), [Trading limits](https://chinaexchangecirculars.com/topics/trading-limits/)

## Evidence excerpts

> 〔2026〕158号

> 于2024年3月4日至3月13日期间出借交易编码

> 公开谴责、暂停全部品种开仓交易12个月

> 给予杨双萍、孙率、姜常刚、刘东华、项玉吉公开谴责

## Source and dates

Original Chinese title: 纪律处分决定公告

Official publication date: 2026-10-23

[Official Chinese source](http://www.czce.com.cn/cn/gyjys/jysdt/ggytz/webinfo/2026/10/d6408587e8664416b1f864cf5155193f.htm)

[CEC HTML](https://chinaexchangecirculars.com/notices/czce-71421879df4c3f42b22f/) · [Canonical notice](https://chinaexchangecirculars.com/notices/czce-71421879df4c3f42b22f/)

## Chinese original

```text
〔2026〕158号 当事人：烟台中泉食品有限公司。当事人：孙健，户籍地山东省龙口市。当事人：王培羽，户籍地山东省龙口市。当事人：烟台铄佳国际贸易有限公司。当事人：李鹏，户籍地山东省龙口市。当事人：孙佳音，户籍地山东省龙口市。当事人：刘军萍，户籍地山东省龙口市。当事人：王磊，户籍地河南省固始县。当事人：崔强，户籍地山东省栖霞市。当事人：张亭亭，户籍地河北省武安市。当事人：刘勇星，户籍地河北省武安市。当事人：刘苗，户籍地海口市。当事人：杨双萍，户籍地山东省烟台市。当事人：孙率，户籍地山东省龙口市。当事人：姜常刚，户籍地山东省龙口市。当事人：刘东华，户籍地河北省武安市。当事人：项玉吉，户籍地山东省广饶县。经查明，上述当事人于2024年3月4日至3月13日期间出借交易编码，导致交易编码被他人使用实施违规行为。以上事实，有相关交易记录等证据证明。依据《郑州商品交易所违规处理办法》（〔2022〕74号）第三十条规定，结合本案当事人实施违规行为的具体情节，郑州商品交易所决定给予烟台中泉食品有限公司、孙健、王培羽、烟台烁佳国际贸易有限公司、李鹏、孙佳音、刘军萍、王磊、崔强、张亭亭、刘勇星、刘苗公开谴责、暂停全部品种开仓交易12个月的纪律处分，给予杨双萍、孙率、姜常刚、刘东华、项玉吉公开谴责的纪律处分，并将上述纪律处分结果记入证券期货市场诚信档案数据库。特此公告。 郑州商品交易所2026年10月23日
```

Independently compiled for information only, not investment advice. Official Chinese notices and your broker’s applicable terms prevail.