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China Plugs Holes in Share-Dumping Rules

By Zhang Yu, Yue Yue, Liu Xiao and Cao Wenjiao
New rules that tighten restrictions on share-dumping are expected to affect tens of billions of yuan in privately negotiated stock trades. Photo: Visual China
New rules that tighten restrictions on share-dumping are expected to affect tens of billions of yuan in privately negotiated stock trades. Photo: Visual China

(Beijing) — Xu Xiang, once a highflying Chinese hedge-fund guru, is now behind bars for engineering block trades and private placements at fake prices in collusion with large shareholders and company executives.

Cracking down on unscrupulous investors is high on the agenda of the China Securities Regulatory Commission (CSRC). More-effective stock-market regulation is one of the criteria for China to be included in global benchmark stock indexes such as the MSCI.

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