China regulator raps stock market 'crocodiles'

Beijing

CHINA'S stock market regulator on Sunday denounced the "crocodiles" that prey on small investors, at a time when Beijing is trying to reassure retail investors following the crash of summer 2015.

"In the capital market, being a financial tycoon is only a half step away from being a financial crocodile," said Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC).