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Economy

China police find clues of illegal stock trading

1
2015-07-12 18:28Xinhua Editor: Wang Fan

工作组发现个别贸易公司涉操纵证券期货交易等线索

记者12日上午获悉:7月10日上午,公安部副部长孟庆丰率跨部门工作组抵达上海。工作组现已发现个别贸易公司涉嫌操纵证券期货交易等犯罪的线索,正在依法开展调查。

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.

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