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ST firms set to face price fixing probe By SHI JING in Shanghai | China Daily | Updated: 2021-05-19 09:09 Share
CSRC looks into pump-and-dump charges after serious questions arise
Questions raised by an industry expert regarding market manipulation of public companies with less stellar business performance have affected prices of A-share special treatment or ST companies and small-caps, which over the long run will benefit qualified blue-chips and better promote value investment, said experts.
Share prices of ST companies, which reported losses for at least two years, fell by an average 4.68 percent on Monday while the benchmark Shanghai Component Index gained 0.78 percent. The slump continued on Tuesday as 75 ST companies reported price declines, with 26 seeing their prices fall by 5 percent, while the Shanghai Component Index climbed moderately by 0.32 percent to 3529.01 points.
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