CSRC steps up crackdown

The securities market regulator and police are cracking down on suspected violations of stock dealing rules and the fabrication of trading information, the latest step in a slew of measures to clean up markets amid wild exchange gyrations.

Police are investigating eight employees of the country's largest brokerage, CITIC Securities Co Ltd, for suspected illegal securities trading, the official Xinhua News Agency said on Tuesday.

In a statement to the Hong Kong stock exchange on Wednesday, CITIC Securities said it had not been informed of a probe into staff and the business was operating normally. An employee and a former employee of the China Securities Regulatory Commission are suspected of insider trading and forging official documents and seals, the agency said.