CHENGDU, Dec. 1 (NBD) -- China Securities Regulatory Commission (CSRC) and Ministry of Public Security (MPS) of China have jointly made greater effort to crack down on financial crime.

Following the special actions on fraudulently issuing Initial Public Offerings as well as stock price manipulation using capital or information advantages, CSRC has recently eyed on various types of market manipulation by launching another special action.

The Commission's first public punishment of such cases, was manipulating a listed company stock price by using information advantages, and more cases are expected to be revealed on the following days.

In addition, CSRC and MPS jointly organized law enforcement training in securities crime cases in Shenzhen, Guangdong province. The two authorities also set up  five specialist new units, based in northeast China's Liaoning province as well as the cities of Shanghai, Chongqing and Qingdao and Shenzhen, to investigate and research securities and tax fraud cases and also provide specialist training.

Authoritative sources said "information manipulation" makes greater damage on a healthy market and should be eradicated.