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Caixin Online: Rampant rule-breaking at China’s trading platforms triggers new probes

Beijing (Caixin Online) — A resurgence of illegal behavior in various trading platforms across China has again caught the attention of regulators and led to a fresh round of investigations into local government-backed exchanges.

A task force led by the China Securities Regulatory Commission (CSRC) has found that a number of exchanges have engaged in a series of malpractices recently, the securities regulator said Tuesday night. The CSRC did not name the exchanges.

“Malpractices at some exchanges have risen again from the ashes, and they have used a smorgasbord of tricks to break laws and violate regulations,” according to the statement.

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