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: 大足县| 资讯 | 义乌市| 忻城县| 黄浦区| 翁源县| 肥城市| 南汇区| 平罗县| 灵璧县| 平潭县| 从化市| 乐东| 江油市| 叙永县| 从江县| 普格县| 平凉市| 秦安县| 工布江达县| 保靖县| 庐江县| 宾阳县| 宜丰县| 宾川县| 伊金霍洛旗| 邻水| 阜新| 北碚区| 濮阳市| 姚安县| 连南| 阿坝县| 连山| 白沙| 宜阳县| 云霄县| 沁源县| 台东市| 太原市| 赤水市| 呼玛县| 临江市| 萨迦县| 将乐县| 宜君县| 雅江县| 宜章县| 淳化县| 武乡县| 农安县| 凤台县| 平潭县| 昔阳县| 教育| 霍州市| 巴彦淖尔市| 淮安市| 积石山| 莱芜市| 贡觉县| 灵台县| 平定县| 玛曲县| 大新县| 项城市| 南乐县| 和政县| 肥城市| 鄂州市| 色达县| 罗甸县| 竹北市| 阿巴嘎旗| 崇州市| 宜宾县| 原阳县| 灌南县| 蓝田县| 太保市| 麦盖提县| 永安市|