China's securities regulator vows to step up market monitoring

China's securities regulator pledged to “comprehensively” step up market monitoring and “resolutely” prevent sharp fluctuations, according to a statement released on Friday.

The China Securities Regulatory Commission said it would carry out timely counter-cyclical adjustments and strengthen supervision over trading activities and information disclosure, the statement said, citing the regulator's meeting on Thursday.

The regulator will crack down on illegal activities such as excessive speculation and market manipulation, aiming to sustain the market’s positive momentum, it said.

Reuters