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English > Finance > Finance-newsbrief>Securities Regulator to Control Overspeculation on GEM Board

Securities Regulator to Control Overspeculation on GEM Board

10-22 18:10 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-10-21/110289063.html

» The China Securities Regulatory Commission (CSRC) will closely monitor trading activities on the Nasdaq-style Growth Enterprise Market (GEM) to stop overspeculation and share price manipulations, said Yao Gang, CSRC vice chairman.
» The commission has set up a supervisory department to take charge of the monitoring and to punish the violators, Yao said.
» The CSRC will not, however, intervene in the setting of initial public offering prices for the first batch of 28 companies to list on the GEM, he said.
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