China regulator to probe possible stock market manipulation

The entrance to the China's Securities Regulatory Commission.
Zhang Peng | LightRocket | Getty Images)
The entrance to the China's Securities Regulatory Commission.

China's securities market regulator said it would investigate suspected market manipulation after a slump of around 20 percent in Chinese stocks since mid-June.

The China Securities Regulatory Commission had established a team to probe market manipulation, "especially clues of illegal manipulation across markets," spokesman Zhang Xiaojun said in comments on the CSRC's official Weibo microblog late on Thursday.

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Zhang said the regulator would send any cases it finds to the police for further investigation.