CSRC slams rumors

The China Securities Regulatory Commission responded to market rumors, stating that "the regulatory authorities instructing listed companies to release all news or factors that could lead to a decline in stock prices before January 15”, as well as "insurance companies are redeeming a large amount of public funds" are all falsehoods.
Earlier, the benchmarks of mainland stock markets once dropped by more than 3 percent today with the SSE Composite Index, a barometer of the Shanghai stock market, decreasing by 2.66 percent or 89.2 points to 3,262 points.

(June Chen)