The China Securities Regulatory Commission has pledged to continue enforcement of securities-fraud rules, after rebuking or punishing at least three brokerages. "We will strictly enforce the regulations, stepping up the crackdown on fraud and violations," Vice Chairman Zhuang Xinyi said. "We will consistently and relentlessly enforce the law; we won't make this a one-off campaign. We will maintain zero tolerance toward misconduct such as market manipulation and insider trading."

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