A renowned Chinese equity fund manager revealed details of a listed company manipulating its stock price, and said half of the Chinese listed companies are involved in similar violations. On May 16, the Chinese regime announced it was investigating the issue.
“In recent years, lawbreakers have used shareholding, capital, information, and technological advantages to conspire and manipulate the stock market,” the China Securities Regulatory Commission (CSRC) stated in its May 16 announcement and pledge to maintain the capital market’s order.
