CSRC Eyes to Strengthen Securities Scrutiny

(Beijing) – The China Securities Regulatory Commission unveiled investigation details over a wave of securities violations in recent months, adding that it plans to aggressively strengthen securities inspection.

Since taking office last year, CSRC Chairman Guo Shuqing vowed that China's 23 trillion yuan securities industry will come under greater scrutiny by regulators.

"Insider trading, market manipulation, fraudulent listings and other illegal activities have not only seriously distorted returns for investors but have also severely harmed investor confidence and critically affected normal market functions," said Guo.
 
According to data from the China Securities Regulatory Commission, the past five years saw over 1,000 insider trading investigations. Between 2007 and 2010, the CSRC received over 200 whistleblower reports.