Across China: Shanghai

Jail term extended

Jailed former stock broker Zhu Yaoming was sentenced to an additional 18 months in prison yesterday by the Shanghai No 2 Intermediate People's Court, for manipulating stock prices.

Between January 1999 and June 2003, the 52 year old, who is already serving a 14-year jail term for loan fraud and bribery, hired 22 people to open more than 6,000 accounts with 48 stock exchange outlets, through which he bought and sold his own stockholdings to manipulate their value.