Jail terms urged for worst rat traders in China
To date no prison sentences have been imposed despite a crackdown by the CSRC which is striving to repair the tainted image of the country's asset-management industry.
While China’s securities regulator has intensified efforts to crack down on rampant rat trading in recent years, industry figures say only jail terms in the most serious cases will serve as a deterrent.
Just last week, the Shanghai-based Oriental Morning Post reported that Zheng Tuo was being investigated by the China Securities Regulatory Commission (CSRC) for suspected rat trading during his time at Bank of Communications Schroders, which stretched from 2007 to 2009.
Now general man…
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