🔴 CSRC: WE VOW TO CRACK DOWN ON MARKET MANIPULATION AND INSIDER TRADING.
China’s securities watchdog said Thursday that the regulatory measures taken by the Shanghai and Shenzhen stock exchanges against abnormal trading behavior aim to fulfill the responsibility of trading supervision, not to restrict selling. https://t.co/raArWpzYtA
CSRC Denies Bans On Selling Of Stocks - @ChinaDaily https://t.co/tOGa2VooS2
The China Securities Regulatory Commission (CSRC), under the leadership of its newly appointed Chairman Wu Qing, has established a task force in collaboration with the nation's stock exchanges to closely monitor short selling activities and issue warnings to firms that profit from such wagers. Despite these measures, the CSRC has made clear statements emphasizing that regulators do not interfere with normal market transactions and are committed to cracking down on any activities that disrupt market trading orders. In response to media reports, the CSRC clarified that the Shanghai and Shenzhen exchanges have not imposed limits on share selling. The regulatory body denied banning the sale of stocks and stated that recent regulatory measures aim to improve supervision and fulfill the responsibility of trading supervision, specifically targeting abnormal trading behavior, market manipulation, and insider trading without intending to restrict selling.
