China to strengthen fight against financial fraud in capital market

The State Council approved and released a guideline to further prevent and punish financial fraud in the capital market on July 5. The document, jointly issued by the China Securities Regulatory Commission, the Ministry of Public Security, the Ministry of Finance, the People's Bank of China, the National Financial Regulatory Administration, and the State-owned Assets Supervision and Administration Commission of the State Council, aims to rigorously tackle financial fraud in the capital market and safeguard the market ecology.