Off the wire
• Feature: Anfield legend Gerrard comes through Galaxy debut with flying colors  • Renowned Chinese economist, senior legislator passes away  • Israel arrests Jewish suspects over torching famous church  • (Sports Focus) Chinese "barefoot" heroine wins Universiade half marathon  • Commentary: Thailand's repatriation of illegal immigrants just a legal issue  • Weather forecast for major Chinese cities, regions -- July 12  • Weather forecast for world cities -- July 12  • Slovenian wins green jersey in 8th stage at Tour of Qinghai Lake  • General classification after 8th stage of 2015 Tour of Qinghai Lake  • Indian military kills 3 infiltrators on Kashmir LoC  
You are here: 　 Home

China to bust illicit securities trading

Xinhua, July 12, 2015 Adjust font size:

China's securities watchdog announced on Sunday that it will crack down on illicit securities trading so that the market can recover steadily.

"Some institutional or individual investors hold 'virtual' securities accounts or trade with borrowed accounts. As real-name registration is required by the law, this illicit conduct may damage other investors' legitimate interests," said the China Securities Regulatory Commission (CSRC).

The commission asked local authorities to verify the authenticity of securities accounts and be more strict when supervising them.

Institutional and individual investors will be prohibited from lending their accounts to each other.

The CSRC said it will clamp down on any illicit conduct in accordance with the law, and will transfer violators to the police. Endi