China securities regulator Tuesday unveiled new rules to fight
against the equity market manipulation and insider trading.
The new rules is effective as of Tuesday, said the China
Securities Regulatory Commission (CSRC).
The CSRC will impose transaction restrictions on the accounts of
and actually controlled by the person under investigation for stock
market manipulation and insider trading, according to the
rules.
The restricted accounts, including fund and securities accounts,
will be barred from buying, or selling shares and other products,
or both, for 15 days, said the CSRC.
It said the ban can be extended by another 15 days if the
violations are very complicated.
(Xinhua News Agency May 23, 2007)