BEIJING, July 12 (Xinhua) – A research team headed by Vice Minister of Public Security Meng Qingfeng, has discovered clues that suggest that certain firms have allegedly manipulated transaction futures trading market market.
The group is conducting further investigations and offered no specifics.
The team visited the headquarters of the China Securities Regulatory Commission of China on Thursday morning to investigate what he called “malicious sale of shares and stock indices short”, an example of the dubious practices that many people believe that They are part of the recent market fluctuations in recent weeks.
The team arrived Friday in Shanghai to find more clues such illegal practices.
After the key stock index lost more than 30 percent from the peak recorded on June 12, the Chinese government has intervened several measures to save the market, including the injection of funds and restricting Futures trading in a leading small cap indexes.
Thanks to the support measures, the country’s stock market recorded a strong rebound on Friday for a second day. The Composite Index on the Shanghai Stock Exchange, the benchmark, rose 4.54 percent to close at 3877.8 points.
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