China: Journalist confessed that caused chaos in the stock markets
Enas journalist confessed that caused "panic and disruption" in Chinese stock markets and "huge losses in the country," according to a video broadcast on national television, while Beijing is making efforts for the return of calm to the markets.
After the recent storm that erupted in Chinese stock markets, the Wang Siaolou, a journalist of the magazine Kaitzingk, was detained for broadcasting false news on the securities and futures markets, according to the official news agency New China.
The Wang, in an article published in July said that regulators in the sector were examining the possibility of withdrawing public funds from the market.
The prospect of an early withdrawal caused panic among investors, while Beijing intervened to stabilize the stock market indices, mainly through massive purchases of securities by public bodies.
The Chinese and Exchange Commission had immediately denied the article by journalist calling "irresponsible" to him.
"Should not I have published this article that had a negative impact on the market at a very sensitive time (...) I deeply regret," he says in the video.
According to New China, the reporter "confessed" that "incorrect information" of "caused panic and disruption to the Stock Exchange, severely undermined the confidence of the markets and caused serious losses to the country and investors."
However Kaitzingk magazine, known for the quality of its research underlines the website of the internet that "defends the right of journalists to carry out their duties under the law."
At the same time the British Financial Times newspaper writes today that the Chinese government actually stopped the securities markets and the operations of, while strengthening the repression of those accused of "destabilization" of the market.
The Chinese Ministry of Public Security announced at the weekend that sanctions were imposed on 197 people "for spreading rumors on the Internet" on many issues --metaxy whose falling stock markets and the recent deadly explosions in Tianjin.
No further information was given, but according to the New China, one of those rumors spread on the Internet was that a man jumped into the void from a building in Beijing because of the crisis in the stock markets.
The China news also reported that an officer of the SEC held four of the most senior brokers for "offenses" in the stock market
Enas journalist confessed that caused "panic and disruption" in Chinese stock markets and "huge losses in the country," according to a video broadcast on national television, while Beijing is making efforts for the return of calm to the markets.
After the recent storm that erupted in Chinese stock markets, the Wang Siaolou, a journalist of the magazine Kaitzingk, was detained for broadcasting false news on the securities and futures markets, according to the official news agency New China.
The Wang, in an article published in July said that regulators in the sector were examining the possibility of withdrawing public funds from the market.
The prospect of an early withdrawal caused panic among investors, while Beijing intervened to stabilize the stock market indices, mainly through massive purchases of securities by public bodies.
The Chinese and Exchange Commission had immediately denied the article by journalist calling "irresponsible" to him.
"Should not I have published this article that had a negative impact on the market at a very sensitive time (...) I deeply regret," he says in the video.
According to New China, the reporter "confessed" that "incorrect information" of "caused panic and disruption to the Stock Exchange, severely undermined the confidence of the markets and caused serious losses to the country and investors."
However Kaitzingk magazine, known for the quality of its research underlines the website of the internet that "defends the right of journalists to carry out their duties under the law."
At the same time the British Financial Times newspaper writes today that the Chinese government actually stopped the securities markets and the operations of, while strengthening the repression of those accused of "destabilization" of the market.
The Chinese Ministry of Public Security announced at the weekend that sanctions were imposed on 197 people "for spreading rumors on the Internet" on many issues --metaxy whose falling stock markets and the recent deadly explosions in Tianjin.
No further information was given, but according to the New China, one of those rumors spread on the Internet was that a man jumped into the void from a building in Beijing because of the crisis in the stock markets.
The China news also reported that an officer of the SEC held four of the most senior brokers for "offenses" in the stock market
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