China, Hong Kong stock regulators to crack down on illegal cross-border market manipulation
[SHANGHAI] 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.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin