男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

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: 防城港市| 汉中市| 于田县| 台北市| 惠州市| 和田县| 牡丹江市| 武清区| 依兰县| 吴旗县| 虹口区| 清河县| 罗城| 石台县| 呼和浩特市| 仁化县| 中山市| 靖远县| 河曲县| 正镶白旗| 西和县| 教育| 宁阳县| 庐江县| 黔东| 凤阳县| 洛阳市| 财经| 上犹县| 峡江县| 万宁市| 银川市| 新蔡县| 罗江县| 广汉市| 筠连县| 泾川县| 巴青县| 南丰县| 武功县| 应城市| 宁津县| 潼南县| 济阳县| 什邡市| 彭水| 新沂市| 常山县| 隆回县| 十堰市| 电白县| 济南市| 海口市| 京山县| 和顺县| 庄浪县| 鹰潭市| 西青区| 都匀市| 华安县| 岚皋县| 集贤县| 淳安县| 桂林市| 安多县| 辰溪县| 绩溪县| 塔河县| 额尔古纳市| 张家界市| 夏邑县| 平湖市| 普宁市| 新郑市| 新宁县| 麻阳| 井冈山市| 册亨县| 曲水县| 康乐县| 吉林市| 万全县|