Exclusive-Shenzhen bourse taps intelligence tech firm as China battles capital market fraud

SHANGHAI : The Shenzhen Stock Exchange has sought help from an intelligence technology firm to detect fraud and vet listings, said people with knowledge of the matter, as China adopts high-tech weaponry against crime and corruption in its bid to attract investors.

The initiative is in line with thinking at Shanghai's bourse whose president in a parliamentary session this week proposed combating fraud with big data and artificial intelligence. The regulator itself was dragged into a high-profile corruption case in 2021 when a former official was found to have made illegal gains from investing in listing candidates.

The United States in 2019 placed EC Guard on its so-called entity list of companies that are subject to U.S. trade restrictions for reasons such as national security. EC Guard collects information from public sources, but has technology that can scour the deep web - websites invisible to conventional search engines - and dark web - encrypted cyberspace ripe for illicit activity - one of the people said.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Exclusive-Canada will not retrospectively target Chinese investments in Canadian mining companies, minister saysTORONTO : Canada will not force Chinese state-investors in three of its large mining companies to divest stakes, as such a move would create policy uncertainty, natural resources minister told Reuters.In November, Canada had asked three Chinese companies to sell their stakes in Toronto-listed lithium expl
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »

Credit Suisse obtains key approval to launch wealth business in ChinaHONG KONG : Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world's second-biggest economy, according to a company memo reviewed by Reuters.The expansion comes after the lender suffered worse-than-expected globa
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »