Stock manipulation
By Cao Qian |
December 10, 2011, Saturday
|
Print Edition
Print Edition
THE China Securities Regulatory Commission yesterday revealed the country's biggest-ever market manipulation case that involved illegal profits of 426 million yuan (US$67.2 million) from the trading of 552 stocks.
A total of 148 stock accounts were opened at 44 brokerage outlets to trade the shares with a combined transaction value of 57.2 billion yuan, according to the watchdog.
More than 2 billion yuan was used to make illegal profit, mainly through manipulating "share-recommendation" programs on television in cooperation with 30 securities analysts.
A total of 148 stock accounts were opened at 44 brokerage outlets to trade the shares with a combined transaction value of 57.2 billion yuan, according to the watchdog.
More than 2 billion yuan was used to make illegal profit, mainly through manipulating "share-recommendation" programs on television in cooperation with 30 securities analysts.
- 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号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 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.
