Reported 5 months ago
China's main stock exchanges have cracked down on speculation involving the trading of shares of two firms, Nanjing Chemical Fibre Co. and Zhongtong Bus Co., suspending relevant accounts for 15 days for spreading fabricated information that led to wild price swings. Regulators are tightening measures against stock manipulation following viral stock calls, with concerns about the market's rebound amid China's growth outlook. The exchanges are investigating whether these events were coincidences or cases of market manipulation, emphasizing the need for punishment if manipulation is found.
Source: YAHOO