Securities regulators have had enough. Any and all stock prices that appear, however remotely, as victims of tampering will be carefully inspected for wrongdoing.
Experts expect to see a raft of such cases in the future.
Toward the end of 1999, when the price of Yi an Technology stock was cruising the upper atmosphere, authorities discovered the 90 percent of Yi an s stockholders owned more than 100,000 shares each a possible symptom of manipulation. Twice last year, the CSRC dispatched personnel to investigate the case but speculators had so muddied the waters, the investigations were quickly bogged down, the story said. Another stock price irregularity, that of Zhongke Chuangye , discharged the full wrath of the CSRC in a fervent attack against stock market manipulation. And for good reason. The stock price of Zhongke plunged far enough at one point to endanger the entire stock market.