日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Officials jailed for insider trading

Updated: 2011-12-28 13:37

By An Baijie (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - The country's graft-busting authorities have vowed to keep a close eye on officials to punish insider trading, a news conference heard on Tuesday.

"The Ministry of Supervision is closely watching the new trend that some Party officials have been involved in insider trading," Yao Zengke, vice-minister of supervision, told China Daily.

High-profile cases mentioned by Yao include that of Xiao Shiqing, former Party secretary and president of China Galaxy Securities, who was sentenced to death with two years' reprieve in March for insider trading as well as taking bribes.

Xiao was found to have made a profit of 104 million yuan ($16.4 million) in 2006 by tipping his relatives to purchase the stocks of a company that was going through a reconstruction and merger process, according to Yao.

In another case, Li Qihong, former mayor of Zhongshan in Guangdong province, pocketed 198 million yuan by purchasing stocks through his relatives in June 2007 when he was in charge of reconstruction work of a local State-owned enterprise.

Li was sentenced to 11 years in jail in October for insider trading and bribe taking, fined 20 million yuan and had 100,000 yuan confiscated.

These Party officials usually took part in insider trading through such means as opening accounts in the names of their relatives, colleagues, friends and even their babysitters. Some even bought ID information from strangers to open accounts, Yao said.

Liu Jinguo, vice-minister of public security, said at the news conference that the ministry has seized more than 2.2 billion yuan in illegal profits in 50 serious insider trading cases since 2004, catching more than 90 suspects.

Apart from company managers, more government officials have been found to be the culprits.

And it is usually more difficult for investigators to find evidence of the hidden measures, Liu said.

The China Securities Regulatory Commission will continue to monitor abnormal exchanges in the securities market to prevent insider trading, Gui Minjie, vice-chairman of the commission, said at the news conference.

The State Council issued a notice to require the relevant government agencies to crack down on insider trading in the securities market in November last year.

Dong Dengxin, director of the Finance and Securities Institute at Wuhan University of Science and Technology, said that the authorities' determination to fight insider trading is expected to "bring moderate confidence to the depressed stock market".

"Government officials must receive harsh punishment for insider trading, and only by doing this will the stock market be regulated in an orderly fashion," Dong said.

Related Stories

New rules target insider trading 2010-11-19 07:50
An outsider with inside information 2011-07-15 07:57
Statue moved inside 2011-04-22 08:00
Inside the mind's eye 2011-03-18 07:59
Water Inside, Water Out 2011-01-30 08:40
主站蜘蛛池模板: 手机在线观看av | 亚洲精品一级片 | 国产成人免费 | 91黄页 | 激情综合激情五月 | 久久久午夜影院 | 在线视频观看你懂的 | 一级黄色免费 | 超碰在97| 久久免费影院 | 成人看片黄a免费看视频 | 国产午夜麻豆影院在线观看 | 天天干视频在线 | 亚欧三级| 久久精品视频久久 | 哪里看毛片 | 日韩国产精品一区二区 | 天堂网av手机版 | 欧美成在线观看 | 91高清在线| 久久密av | 浪漫樱花在线观看高清动漫 | 国产一区二区三区高清视频 | 日本少妇激情视频 | 天堂av在线免费观看 | 日本高清黄色 | 日韩av影片| 青青草在线免费视频 | 尹人综合网 | 中文字幕av一区 | 蜜桃在线一区二区 | 五月激情综合 | 欧美精品免费一区二区三区 | 久久久视频 | 日韩欧美亚洲视频 | 91精品国产一区二区三区 | 黄色网免费看 | 在线视频亚洲欧美 | 久日视频 | 成人在线综合网 | 午夜精品久久久久久久爽 |