Government and Policy

China to intensify crackdown on securities-related crimes

(Xinhua)
Updated: 2010-07-20 21:12

CHONGQING - The Ministry of Public Security and the China Securities Regulatory Commission vowed Tuesday to strengthen the crackdown on securities-related crimes like insider trading and market manipulation to protect investors.

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The move was announced at a meeting on the management of securities-related crime here.

Police were urged to strengthen cooperation with securities supervision departments and to take effective measures to strike hard against securities crimes to ensure order in the securities market, according to a statement released after the meeting.

Earlier this month, police in the city of Shenzhen in southern Guangdong Province announced the detention of 67 suspects for setting up 11 groups to provide illegal securities services.

Calling themselves "investment consultant companies" or "information technology companies," the groups took consulting and membership fees from investors and gave members false inside information.