Capital market crackdown nets 4 CITIC officials

Caijing journalist Wang Xiaolu charged with spreading false market information

The authorities have detained four executives from China's largest brokerage, CITIC Securities Co, a staff member of the China Securities Regulatory Commission, and a journalist from business magazine Caijing, in the latest moves to crack down on stock market violations.

The CITIC executives, who have confessed to their violations, were named as Xu Gang, Liu Wei, Fang Qingli and Chen Rongjie. They have been placed under "criminal compulsory measures" for suspected insider trading, reported Xinhua.