CCTV.com - CNTV English - CCTV News

Chinese sercurities regulator to crackdown on violations

08-26-2013 16:48 BJT

China’s securities regulator says it will get tough on stock market violations, as 26 cases were investigated in the first six months--up significantly from a year ago.

Jiang Yang, Vice Chairman of the regulatory commission, says the authority will enhance pre-emptive oversight and streamline administration. The comments come after investigations into Everbright Securities’ trading errors, which caused a dramatic 5-percent spike in the Shanghai Composite on August 16. Experts say the incident reflects flaws in risk management at China’s financial institutions. The commission says in addition to tougher punishment for violations, it will also enhance crackdown on false information disclosure, listing fraud and illegal activities by brokerages.

 

Editor:James |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program