Latest News:  
Beijing   Cloudy/Overcast    0 / 5   City Forecast

People's Daily Online>>China Business

China's securities watchdog sacks high official

By Wang Lu and Cui Wenyuan (The Economic Daily)

15:58, December 02, 2011

Edited and Translated by Han Shasha, People's Daily Online

China's Securities Regulatory Commission (CSRC) announced on Dec. 1 that Wu Jianmin, a member of the third Merger and Reorganization Committee under the CSRC, was dismissed for malfeasance.

Wu, general manager of Beijing Pan SG Asset Appraisal Co., Ltd. and member of the third Merger and Reorganization Committee under the CSRC, was suspected of and being investigated for illegally holding the shares of the appraised listed company.

It is the first time CSRC has dismissed a committee member.

The CSRC will continue to maintain stringent supervision over illegal behavior, like market manipulation, embezzling funds and false disclosure of information.


Leave your comment0 comments

  1. Name


Selections for you

  1. Medvedev, Putin meet supporters in Moscow

  2. Oh deer, I think I love you

  3. Beijing experiences its 1st snow this winter

  4. Black-headed gulls migrate from Siberia to China's Kunming

Most Popular


  1. Why is China's financial sector going global?
  2. World needs safety net against euro crisis
  3. US-Pakistan anti-terrorism coalition close to collapse
  4. China's schools on the way up
  5. What is to be done with Syria?
  6. UK mass strike shows steep learning curve
  7. China-Myanmar ties challenged by US moves
  8. China and India mustn't go for the throat
  9. Germany needs wisdom to save euro
  10. Egypt's chaos: No end in sight

What's happening in China

Full of the joys of life in prison

  1. Beijing revising housing rules
  2. Hospital head dismissed over baby scandal
  3. Injured in stable condition after blast kills two
  4. Yachting sector surfing a wave of high interest
  5. 6 schoolchildren hurt in minibus rollover accident

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival