The Hartcourt Companies, Inc. (HRCT) Message Board

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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT)

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To: funincolo who wrote (1790)	2/11/2001 3:53:27 PM
From: StockDung	Read Replies (1) of 2413

China Central Bank Issues New Penal Rules for Fraud, CST Says Shanghai, Feb. 10 (Bloomberg) -- The People's Bank of China, the nation's central bank, announced new penalty guidelines for financial institutions breaking the law, the China Securities Times said. Under the new rules, the central bank will look into the deals of the institutions under its supervision to ensure they are above-board. It will also investigate the activities of individuals suspected of fraud. Penalty, to be decided by a committee set up by the central bank, will include fines, suspension or the revoking of license. Since December, China securities regulator has been investigating share price manipulations. The police detained a branch manager of one of the nation's biggest brokerages Wednesday on charges of malpractice. (Securities Times, page 1, or click {WNCA <GO>} to see the Chinese newspapers web site on Bloomberg) Feb/10/2001 3:56 ET For more stories from Bloomberg News, click here. (C) Copyright 2001 Bloomberg L.P.

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