Facebook Twitter 新浪微博 google plus Instagram YouTube Friday 3 July 2015

China Stock Watchdog to Investigate Market Manipulation

By Liu Rong (People's Daily Online)    00:10, July 03, 2015

China's securities watchdog announced Thursday it will investigate suspected manipulation of the stock market following weeks of plummeting stocks and future markets.

Zhang Xiaojun, spokesman of the China Securities Regulatory Commission (CSRC), said they will investigate possible illegal activities occurring in multiple markets. He said they have tracked irregularities between securities and futures trading.

The CSRC will transfer any criminal cases to the police, Zhang said.

The announcement came after the losing streak in China's A-share market continued, making people point to conspiracy.

Shares continue their descent on Thursday. The benchmark Shanghai Composite Index fell 3.48 percent to finish at 3912.77 points.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Luxiao Zou,任建民)

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