WSJ : China Investigates Possible Stock-Price Manipulation

China Investigates Possible Stock-Price Manipulation
Move Follows Recent Surge in Chinese Stock Market

BEIJING—China’s top securities regulator is investigating possible stock-price manipulation amid the recent run-up in the country’s equity market, according to two officials with direct knowledge of the matter.

The probe centers on a practice that involves groups of investors pumping up prices of certain targeted stocks.

The practice, which was common in China’s previous market boom, “is making a comeback,” one of the officials said.