China arrests nearly 200 in stock market crackdown

China has arrested nearly 200 people for online rumor-mongering about the country’s stock market collapse and the recent fatal chemical factory explosions in the northeastern port of Tianjin, as well as other financial wrongdoing, the official state news agency Xinhua reported on Monday.

Those arrested "caused panic, misled the public and resulted in disorders in stock market or society," the Chinese government said.

According to the Irish Times, among those arrested was Wang Xialu, a financial journalist from the influential Chinese magazine Caijing, and four senior executives from investment bank Citic Securities Co.

Read more from the Irish Times.