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    CSRC head vows to get tough on financial crimes

    By Gao Changxin in Hong Kong | China Daily | Updated: 2013-08-02 07:24

    Penalties for fraud will increase, whistle-blower rewards will also rise

    China's top securities regulator vowed on Thursday to strengthen law enforcement as part of the move to reform the nation's scandal-ridden capital markets.

    In an article published in the Party-run Qiushi Journal, Xiao Gang, head of the China Securities Regulatory Commission, vowed to establish a "proactive" legislation and law enforcement system that better reflects rapid changes in the capital markets.

    CSRC head vows to get tough on financial crimes

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