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China targets stock manipulators amid rout

Investors who used stock index futures to short the market under probe, says report

Published Fri, Jul 3, 2015 · 09:50 PM
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London

CHINA'S securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing's increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.

After a slump of more than 20 per cent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at "clues of illegal manipulation across markets".

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