Posted by: mulrickillion | December 3, 2011

New CSRC chairman signals crackdown

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The China Securities Regulatory Commission in Beijing. The new chairman of the commission, Guo Shuqing, said on Thursday that supervision of the country’s securities market will focus on cracking down on insider trading. Wang Zirui / For China Daily.

By Gao Changxin, China Daily, 2011-12-02 — SHANGHAI – In his first public speech since being named as China’s top securities regulator, Guo Shuqing said on Thursday that supervision of the country’s securities market will focus on cracking down on insider trading.

The comment by the new chairman of the China Securities Regulatory Commission (CSRC) was interpreted by industry experts as having set the tone for the watchdog’s enforcement efforts.

"Here we make a solemn declaration: the CSRC has zero tolerance for insider trading and crimes in the securities and futures markets," said Guo at the 9th Forum on Financing for Small and Medium-sized Enterprises in Shenzhen.

"We will resolutely crack down on every securities crime we discover". . . .

New CSRC chairman signals crackdown|Markets|chinadaily.com.cn

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