China, Hong Kong stock regulators to crack down on illegal cross-border market manipulation
- Dow, S&P hit highs; Trump comment hammers drug stocks
- Unusual 11 Mid-Day Movers 12/7: (ANTH) (EMKR) (PLAY) Higher; (SIGM) (OHAI) (FTK) Lower
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Western Digital (WDC) Raises Q2 Outlook
- Biotech, Pharma Stocks Weaker Amid Trump Comments on Lower Drug Prices
A security guard stands outside the headquarters building of China Securities Regulatory Commission, in Beijing, China, January 8, 2016. REUTERS/Jason Lee
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Exclusive: U.S. regulator set to fail Wells Fargo on fair lending test - sources
- EU lawmakers move to revive asset and mortgage backed market
- Suspects arrested in Russia central bank cyberheist: bank official
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!