HALISTER1: China to Increase Penalties for Market Manipulation: Xinhua

China to Increase Penalties for Market Manipulation: Xinhua

(Bloomberg) -- Chinese prosecutors will target securities and futures market manipulation, insider trading and false disclosure, according to a Sunday report by Xinhua News Agency posted on the top government attorney’s office website.
  • China will strictly punish illegal personal deposit holding, illegal fund raising, money laundering and underground banking
  • NOTE: China Gives ‘Hedge Fund Brother No.1’ 5 1/2 Years in Prison Link
  • Link to report: http://tinyurl.com/zray62n
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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