China to Crack Down on Stock Manipulation as Market Soars
This article is for subscribers only.
China’s securities regulator started a campaign to crack down on stock-market manipulation and insider trading, the latest effort to reduce risks as an equities boom lures a record number of novice investors.
The China Securities Regulatory Commission will target trading by brokerage employees using non-public information, and market manipulation, including of futures prices, the CSRC said in a Friday statement on its website. The regulator also cited insider trading in over-the-counter markets and accounting fraud in mergers and acquisitions.