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Wan LixinOpinion deputy editor of Shanghai Daily
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Insider trading comes under spotlight
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CHINA’S securities regulator investigated 140 insider trading cases in the first six months of this year, accounting for 46 percent of all new cases.
The China Securities Regulatory Commission expanded the scope of law enforcement and prioritized interconnected cases of insider trading, spokeswoman Gao Li told reporters yesterday.
The CSRC launched preliminary investigations into 104 insider trading cases and filed formal investigations into 36 such cases in the first half.
There were nine insider trading cases with transaction value of more than 10 million yuan (US$1.47 million) each, Gao said, adding the highest transaction was 270 million yuan.
In total, the commission investigated into 302 new cases of different violations. Cases related to information disclosure and market manipulation continued to rise, Gao said.
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