China Regulator Vows to Clamp Down Harder on Capital Market Fraud

July 06, 2024, 06.21 AM | Source: Reuters

ILUSTRASI. Seorang investor berada di depan papan elektronik perdagangan saham di Hangzhou, China (25/2). Indeks Komposite Shanghai anjlok hingga 6,4% pada penutupan perdagangan Kamis, menjadi penurunan terbesar dalam sebulan?akibat para investor mengambil keuntungan setelah lonjakan pasar baru-baru ini. REUTERS/China Daily An investors reacts as he sits in front of an electronic screen showing stock information at a brokerage house in Nanjing, Jiangsu province, February 25, 2016. China stocks tumbled more than 6 percent on Thursday, posting their biggest one-day loss in a month, as investors booked profits after the market's recent rebound. REUTERS/China Daily ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. THIS PICTURE IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA.

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.

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Editor: Syamsul Azhar