A Chinese financial journalist has confessed to causing China’s stock market to crash.
Wang Xiaolu from the Caijing magazine says that he caused “panic and disorder” in the stock markets, which inflicted “huge losses on the country”.
BYPASS THE CENSORS
Sign up to get unfiltered news delivered straight to your inbox.
Elites Panic As Queen’s Death Threatens To Expose Pedophile Ring
WEF Anoint Charles ‘The Great Reset King’
WEF To Force Public To Wear ‘Brain Implants’ So the Elite Can Read Their Minds
Woody Harrelson Slams Big Pharma: 'The Last People You Should Trust With Your Health'
NASA Insider Confesses on Deathbed: I Filmed Fake Moon Landing in 1969
Disney’s ‘Little Demon’ Is Normalizing Satanism and Pedophilia for the Masses
Nostradamus Predicted 'Great Uprising' Against King Charles III
King Charles III Vows To Usher In ‘Great Reset’ Following Queen Elizabeth’s Death
Bill Gates’ Factory Breeding 30 Million Mosquitos Infected With ‘Infertility Bacteria’ Per Week
Wang Xiaolu, a journalist with Caijing magazine, was detained by Chinese authorities following China’s recent stock market crash. Wang was held for fabricating and spreading fake information on securities and futures market, according to Xinhua, a state-run news agency.
According to the report, Wang “confessed” that his “false information” had “caused panics and disorder at (the) stock market, seriously undermined the market confidence, and inflicted huge losses on the country and investors”.
Wang wrote a story in July saying the securities regulator was studying plans for government funds to exit the market. The China Securities Regulatory Commission (CSRC) quickly denied the Caijing story, labelling it “irresponsible”.
But Caijing said it “defended journalists’ rights to do their duty under the law”, according to a statement posted on its website.
Xinhua reported that authorities had also detained an official from China’s securities watchdog and four senior executives of the country’s major securities dealer for “stock market violations”.
Liu Shufan, an official with the CSRC was held on suspicion of insider dealings, taking bribes and forging official seals, said the report. Liu “confessed” that he has forged official seals to fake a court ruling on divorce and taxation certificates for his mistress.
Chinese state media regularly carries what it presents as confessions of suspects in high-profile cases. Formal arrest in China normally comes after some time in police detention, when the case is handed to prosecutors, with trial and conviction almost guaranteed.
The news agency also reported that 197 people have been punished in a special campaign by Chinese police targeting online rumours about China’s stock market, the recent fatal explosions in Tianjin and “other key events”.
No details of the punishments were given, but according to the report, the crimes punished included claiming a man had jumped to his death in Beijing due to the stock market slump, falsifying the number of people who had died in the Tianjin blasts, and circulating “seditious” rumours about China’s upcoming commemorations of the 70th anniversary of the end of World War II.
Latest posts by Sean Adl-Tabatabai (see all)
- New Italian Leader Vows To Dismantle the ‘New World Order’ - September 27, 2022
- Rep. Adam Schiff Greets Ukraine Neo-Nazis in US Capitol: “They Are So Brave” - September 27, 2022
- CDC Finds ‘Lasting Post-Jab Heart Problems in Young Adults’ - September 27, 2022