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People's Daily Online>>China Business

CSRC shows 'zero tolerance'

By Louise Ho  (Shanghai Daily)

16:14, December 02, 2011

China insists on "zero tolerance" against insider trading, Guo Shuqing, chairman of the country's securities regulator, warned yesterday as he signaled his strong no-nonsense determination to beef up regulations on securities trading.

Guo, who became head of the China Securities Regulatory Commission in November, said an important part of capital market reform is cracking down strongly on illegal acts in securities trading.

"We need to declare solemnly that the CSRC holds a zero tolerance attitude to crimes in insider trading and futures trading," he said at a forum on SME financing in Shenzhen.

"We are determined to investigate and prosecute any case that we discover."

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

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