Source: CCTV.com

05-12-2008 11:21

The mainland has frozen stock accounts that it deems "unqualified." The securities watchdog, the China Securities Regulatory Commission, said yesterday that 120,000 stock accounts, which were not qualified, have been frozen on Monday.

The securities watchdog, the China Securities Regulatory  Commission, said yesterday that 120,000 stock accounts, which were not qualified, have been frozen on Monday.

The account holder must go to securities companies in person to renew their accounts. Unqualified accounts have been defined as those that have been inactive for a certain length of time or do not have their paperwork in order, among other things.

 

Editor:Zhang Ning