Amur Minerals Corporation - Re: AMC Stream Log - Chinese police visits regulator, to...

Chinese police visits regulator, to probe 'malicious' short-selling Thu, 09 Jul 2015 05:30:24 +0100 BEIJING (Reuters) - Chinese police visited the office of the country's securities regulator on Thursday to investigate clues that suggest "malicious" short-selling of shares, state news agency Xinhua said, the latest effort by authorities to prevent a further meltdown in the stock market. The country's stock markets have plunged roughly 30 percent over the last three weeks, with a series of increasingly aggressive attempts by authorities so far having failed to stem the massive exodus from a once-booming market. Citing unidentified sources, Xinhua said Vice Minister of Public Security Meng Qifeng had led a team to the office of the China Securities Regulatory Commission on Thursday morning. The investigation shows that authorities will "punch back" against illegal activities with a "big fist", Xinhua said in its official microblog. It did not specify the illegal activities or identify any individuals under investigation. The stock market rout has rattled investor confidence and raised concerns that it could pose an even bigger threat to the world economy than the Greek debt crisis. In Beijing's most drastic step yet, the securities regulator banned investors who own more than five percent of their shares from paring their stakes in the next six months. Some members of the Chinese public have started to demand the resignation of Xiao