China's securities regulator will have the power to freeze corporate or individual bank accounts under new measures being considered by China's legislature, state media reported. Intended to root out corruption and boost confidence in the markets, the draft revision of the Securities Law permits the regulator to take such action provided the head of the commission gives approval, with two investigators then assigned to pursue each case. Further revisions of the law covering financial derivatives such as warrants and options are expected to follow.
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