This paper analyzes the factors in securities exchange action:the social capital is the important factor to manipulate market ;the rational action is decided by one,social status and investment mentality;the culture of securities market interfix with speculation;overage administration control must bring non-rational action.

Legal Analysis on Manipulating Securities Exchange Prices;

Presently,the crime of manipulating the prices of securities transaction becomes more and more serious in the Chi -nese securities market and brings great harms to the society,hence it s of great significance to study its constitution and pre-cau tionary measures to combat it effectively.