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China promises severe punishment for financial fraud

China promises severe punishment for financial fraud

Kyiv • UNN

Jul 6 2024, 01:56 AM • 29689 views

China has announced a crackdown on financial fraud, promising severe punishment for violators of the law in the stock markets.

China has announced a crackdown on financial fraud, promising severe punishment for lawbreakers, Reuters reports UNN.

Details

On Friday, China's Securities Regulatory Commission vowed to step up its fight against financial fraud, emphasizing the need for severe punishment for lawbreakers.

The China Securities Regulatory Commission (CSRC), along with five other government agencies, has issued a series of guidelines to prevent fraud in the stock markets.

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Julia Kotwicka

Economy News of the World