China, Hong Kong stock regulators to crack down on illegal cross-border market manipulation

November 4, 2016 5:18 AM EDT

A security guard stands outside the headquarters building of China Securities Regulatory Commission, in Beijing, China, January 8, 2016. REUTERS/Jason Lee

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SHANGHAI (Reuters) - China and Hong Kong regulators are paying high attention to various signs of cross-border market manipulations, and will work closely to crack down on such illegal activities, China's securities watchdog said on Friday.

The statement, posted on the official microblog of the China Securities Regulatory Commission (CSRC), comes as China will launch the Shenzhen-Hong Kong Connect scheme as soon as this month.

The regulator said malpractices employed by market manipulators include using high-leveraged structured products, opening multiple overseas accounts, or misusing high-frequency trading technologies.

(Reporting by Samuel Shen and John Ruwtich; Editing by Christian Schmollinger)

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