Investors get more protection

Watchdog's tough stance shows zero tolerance for market irregularities

BEIJING - Those involved in illegal capital market activities have reasons to be fearful in 2018 as China's top securities watchdog takes a tougher stance on market irregularities.

The China Securities Regulatory Commission or CSRC rejected six of seven initial public offering or IPO applications on Jan 23, making it the biggest single day of rejections this year.