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China Will Restrict Securities Accounts in Suspected Fraud Cases

China's Securities Regulatory Commission plans to classify securities trading accounts as "restricted" in suspected market manipulation and insider trading cases. Accounts of this classification will be suspended for 15 days, which then can be renewed for another 15 days, depending on the regulator's approval. China's stock market has been the focus of a major insider trading investigation earlier in the month.

China to Restrict Securities Accounts in Suspected Stock Trading Fraud Cases

A former assistant investment manager with China International Fund Management Co Ltd, a joint venture between JP Morgan Asset Management and Shanghai International Trust & Investment Co LTD, is being investigated for insider trading.

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