Even if the market is upgraded after satisfying technical criteria and attracting huge amounts of foreign investment, it cannot secure sustainable development if irregularities like insider trading, stock manipulation, and unequal access to information are not rooted out, and listed firms still aim for a quick buck. Short term pressure? On June 23, the State Securities Commission (SSC) announced that investigative police have pressed charges of stock manipulation against three companies related to APEC Group, namely APEC Securities, APEC Investment, and IDJ Investment. Upon the news, the stock market has […]
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