CSRC Goes Hunting for Witches

When all else fails, blame the witches.

Bloomberg: China to Crack Down on Market Manipulation as Stocks Fall Again

China’s markets regulator will investigate and “strictly” punish manipulation, it said after the country’s stocks plunged again on Thursday.

The China Securities Regulatory Commission will organize a probe with special focus on cross-market manipulation and will send criminal cases to the police, spokesman Zhang Xiaojun said in statement on its website on Thursday.

The regulator made its decision based on reports from China’s stock and future exchanges, which monitor unusual trading movements, Zhang said.

Making major policy announcements designed to move the market is not manipulation, but one man and a fat finger......