China's Supreme Court has approved regulations and amendments that would permit millions of investors to file class-action lawsuits against capital market crimes, state media reports. The court says this is in line with a "zero tolerance" policy on capital market crimes, following recent fraud scandals involving some big-name Chinese brands. The regulations point out that false statements, insider trading, market manipulation and other illegal and criminal activities are harmful to the capital market. China's finance ministry is also set to impose administrative penalties on Luckin Coffee. It plays a very important role in maintaining order in the capital market.

Source: The Standard August 05, 2020 09:00 UTC