China Regulator Vows to Clamp Down Harder on Capital Market Fraud

ASIAN MARKET - SHANGHAI  - China's securities regulator vowed on Friday to clamp down harder on financial fraud, saying it is pushing for harsher punishment against lawbreakers as it seeks to revive confidence in the country's struggling stock markets.

The China Securities Regulatory Commission (CSRC) and five other government agencies jointly published a set of guidelines against capital markets cheating, their latest efforts to address a deep-rooted issue that has plagued the world's second-biggest stock market.