China regulator asks East Money to take measures after breakdown

CHINA’S securities regulator on Friday (Mar 31) asked East Money Information Co to take rectification measures after the online securities broker’s trading system broke down on Mar 21.

East Money should investigate the matter, properly handle investor appeals and strengthen its information system to ensure its safe and smooth operation, the China Securities Regulatory Commission’s (CSRC) Tibet bureau said in a statement.

East Money should complete the rectification work within three months and submit a report, the regulator added.

East Money said in a statement that it would take corrective measures in line with requirements and submit the report in time. REUTERS