China Unveils Crackdown on Market Manipulation and Malicious Short Selling
After a thorough joint investigation with the Ministry of Public Security, the China Securities Regulatory Commission has uncovered multiple cases of malicious short selling believed to be manipulating the market. In response, the commission has announced a resolute crackdown on these illegal activities, vowing to bring those responsible to justice.
Recent fluctuations in the stock market have raised concerns, with some individuals taking advantage of the situation to make illegal profits at the expense of legitimate investors. The China Securities Regulatory Commission has intensified its supervision of trading activities, implementing new methods for identifying potential market manipulation. Through joint efforts with the Ministry of Public Security, several cases of malicious short selling have been identified.
The commission highlighted three specific cases, including a criminal group that controlled over 100 securities accounts to manipulate stock prices, leading to massive illegal profits. In another case, the actual controller of an investment institution manipulated the prices of more than 20 stocks, reaping substantial gains from their illicit activities. Additionally, a separate individual took advantage of their financial resources to place false orders for futures products, deceiving other investors and profiting over 40 million yuan.
The China Securities Regulatory Commission emphasized that such actions not only harm the legitimate rights and interests of investors but also disrupt the normal operation of the stock market. As a result, the commission has pledged to maintain a “zero tolerance” stance on market manipulation and malicious short selling, promising to crack down resolutely on those involved.
With the announcement of this crackdown, the commission is sending a clear message that it will not tolerate any illegal activities aimed at manipulating the market. Furthermore, the collaboration with the Ministry of Public Security highlights the government’s commitment to ensuring the fair and transparent operation of the stock market. As the commission continues its efforts to combat market manipulation, investors can expect a more secure and stable trading environment in the future.