BEIJING - China Securities Finance Corporation Ltd (CSF) will continue to buy stocks to stabilize the market, the securities watchdog said on Monday.
Zhang Xiaojun, spokesperson with the China Securities Regulatory Commission (CSRC), made the remark after the benchmark Shanghai Composite Index experienced the sharpest daily drop since Feb 27, 2007, dispelling rumors that the national margin trading service provider has backed off from stabilizing the stock market.
CSRC is investigating huge stock sell-offs by some individuals and will punish any malicious short selling, Zhang added.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
