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Thu 08 Aug 2008China's fund managers told to silence negative comments on stock market
CHINA'S SECURITIES regulator is warning fund managers to avoid comments that might "negatively affect" China's deflating stock market in order to ensure a "harmonious and successful Olympic Games".
In a strongly worded notice to local fund houses, the China Securities and Regulatory Commission (CSRC) stressed that "stability is the top priority of the regulator". It said that some people working in the financial industry had recently made "improper and inaccurate comments" and that staff lacked "considerate thoughts".
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