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China police find clues of illegal stock trading

Xinhua, July 12, 2015 Adjust font size:

An investigation team led by China's Vice Minister of Public Security Meng Qingfeng has found clues that certain trade firms have suspectedly manipulated futures trading in the stock market.

The team is currently carrying out further probes. It did not give other details.

The investigation team visited the head office of the China Securities Regulatory Commission on Thursday morning to investigate what it called "malicious short-selling of stocks and stock indices", an example of the dodgy practices many believe were part of the recent stock over the past few weeks.

The team arrived in Shanghai on Friday to search for further clues on such illegal practices. Endi