China securities regulator says penalties will be severe in market crackdown | Reuters

China’s securities regulator said on Friday it would mete out increasingly tough penalties on fraudulent listings, accounting scams and misappropriation of funds by big shareholders, as part of a crackdown to boost confidence in the stock market.

In its first news conference since the appointment of a new chairman, the China Securities Regulatory Commission (CSRC) also said it would target insider trading and market manipulation more precisely, removing regulatory blind spots.

Source: China securities regulator says penalties will be severe in market crackdown | Reuters