The China Securities Regulatory Commission (CSRC) vowed on Monday to strictly punish market manipulation and malicious short selling

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The China Securities Regulatory Commission (CSRC) vowed on Monday to strictly punish market manipulation and malicious short selling, in a bid to promote the healthy and stable development of the Chinese stock market.

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The commission noted that it will insist on rapid responses, resolute investigations and handling of illegal acts that affect the stable operation of the stock market and jeopardize the legitimate rights and interests of investors.

The Shanghai Composite Index closed above the benchmark level of 2,700 points on Monday after the A-share market made a V-shaped reversal in afternoon trading.

The three major indexes rebounded in afternoon trading. The ChiNext Index turned positive and rose more than 3 percent on the news, while the Shenzhen Component Index and the Shanghai Composite Index also temporarily turned positive.

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www.globaltimes.cn/page/202402/1306737.shtml

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