Market Manipulation is a common phenomenon existing around the world, and it effects on normal development of stock markrt so severely in a country that has been attached importance by securities regulatory authorities of states. There existing many problenms towards Chaina's market manipulation which showed different from previous features and new trends in our country because of special background. Therefore, to struggle against Market Manipulation of China effectively, we need understand the'Manipulation'clearly, and generalize these features and new trends accurately so as to give advices to the Securities Regulation cotemporaneous.On the basis of previous studies, in the paper, definition and classification towarding the Manipulation have been analysed systematically. Then, taking further analysis according to the categories of manipulation. Focus on'Post-Split-share structure Share Reform Era' and'Big M & A Era', summarizing the manipulation of our stock market characteristics and new trends by combining with case study and utilizing the data of capital flow. Finally, it will explore the reasons of manipulation in China based on the analysis of special featuers and new thends, and provied policy-advices accordingly in this paper. |