CRI听力:Stock Watchdog Crackdown on Manipulation
China's security watchdog has launched a new campaign against 12 kinds of abnormal trades.
The China Securities Regulatory Commission says the crackdown mainly targets price manipulation through exaggerated or false information, and insider trading and price controlling by dominant shareholders or senior managers of listed companies.
The commission's spokesman Deng Ge.
"With the stock market turning better, some people are challenging the law with changing methods. We handle such cases mainly against the new-type manipulation in the stock market, which are widely concerned among the society. Next CSRC will enhance comprehensive check, screening and analysis efforts on information disclosure and abnormal trading of listed enterprises."
This is the third campaign against crime in the stock market this year.
Deng says market manipulation affects prices, hurts investors, and even brings risk to the capital market system.
Chinese stocks climbed to seven-year highs on Friday, with the Shanghai Composite Index surging by 2.8 percent.
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