Key Chinese commodities companies have been warned that they will be investigated thoroughly if they are suspected of engaging in any illegal trading activities and punished severely if found guilty.
China's National Development & Reform Commission (NDRC) said on Monday May 24 that it had conveyed this warning to these companies on Sunday May 23 at a meeting also attended by officials from the Ministry of Industry & Information Technology, the State-owned Assets Supervision & Administration Commission, the State Administration for Market Regulation, and the China Securities Regulatory Commission, along with associations representing the iron, steel and non-ferrous sectors.