Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Forum addresses further reform and opening-up
Novel responses in food waste campaign
Sunday
- Subscribe
Related News
Financial Websites ordered to delete misleading info
Source: Xinhua |
March 2, 2009, Monday
|
Print Edition
Print Edition
CHINA'S securities regulator has ordered the country's major financial Websites to clean up misleading and illegal securities information.
The China Securities Regulatory Commission has said all false advertisements and incorrect information should be deleted. Illegal Websites operating under the name of brokerages should be shut down.
The regulator said the crackdown would be the priority of its work this year.
Illegal securities information is widespread on China's financial portals. Unreliable institutions and individuals, pretending to be well-informed analysts, profit from persuading investors to buy particular shares which are promoted as being valuable.
Besides portals, incorrect securities information has been disclosed on blogs, chat rooms and bulletin board systems.
False information impairs investors' interests and create disorder in the securities market, said the commission, adding Websites that do not follow the rules will be closed by force.
The names of legal Websites will be made pubic, the commission said.
Since the campaign against illegal online securities trading started in 1997, the regulator had investigated 37 such cases. It set up an office last May to oversee illegal online sites. It has also stepped up education for investors.
The China Securities Regulatory Commission has said all false advertisements and incorrect information should be deleted. Illegal Websites operating under the name of brokerages should be shut down.
The regulator said the crackdown would be the priority of its work this year.
Illegal securities information is widespread on China's financial portals. Unreliable institutions and individuals, pretending to be well-informed analysts, profit from persuading investors to buy particular shares which are promoted as being valuable.
Besides portals, incorrect securities information has been disclosed on blogs, chat rooms and bulletin board systems.
False information impairs investors' interests and create disorder in the securities market, said the commission, adding Websites that do not follow the rules will be closed by force.
The names of legal Websites will be made pubic, the commission said.
Since the campaign against illegal online securities trading started in 1997, the regulator had investigated 37 such cases. It set up an office last May to oversee illegal online sites. It has also stepped up education for investors.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
