Business Standard

China warns against publishing false iron ore information amid price rally

The State Administration for Market Regulation recently talked to iron ore price information providers, warning the firms to ensure accuracy of their releases

Photo: Bloomberg
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Photo: Bloomberg

Reuters
China's state planner warned on Wednesday against fabricating iron ore prices, saying for the second time this year that regulators would study effective measures to ensure market stability amid fast rising prices.

The National Development and Reform Commission (NDRC) and the State Administration for Market Regulation recently talked to iron ore price information providers, warning the firms to ensure accuracy of their releases, the regulator said in a statement.

"Related companies ... should not fabricate or publish any false price information and should not drive up prices," the statement said.

The NDRC and market regulator said they would strengthen market

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : China

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