Crackdown on 'malicious' short-selling

Shanghai police have identified trading companies that engaged in "malicious" short-selling of A-share equity futures, within a market manipulation probe, the China Times has reported.

The report said a source with the city's police force, who asked not to be identified, confirmed they have already found evidence of "malicious" short-selling, but refused to reveal any further details.

The China Securities Regulatory Commission defines "malicious" short-selling as cross-market manipulation, including manipulating the spot and futures markets of stocks to gain profits.