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China's securities regulator has launched an investigation into alleged stock manipulations of some publicly-listed companies and pledged "zero tolerance" to illegal activities to protect investors' interests.
The China Securities Regulatory Commission (CSRC) said in a statement on Sunday that it has kicked off a probe into the alleged manipulation of stock prices of Jiangsu Lettall Electronics and ZOY Home Furnishing by related parties, in response to local media reports.
“Market manipulation seriously infringes upon the legitimate interests of investors and disrupts market order,” the CSRC said. “This form of ‘cancer’ in the market . . .
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