China probes possible CPI data leak

By Wu Nanlan
0 CommentsPrint E-mail China.org.cn, June 7, 2011
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China probes possible CPI data leak

多部门因宏观数据泄密被调查

 

The Chinese government has been investigating for several months whether market-sensitive inflation data were leaked to foreign exchange or bond traders ahead of their official release, China Business News reports. Officials from the National Bureau of Statistics and central bank have stepped down and may face criminal charges related to the leaks.

Phoenix TV's website reported 10 economic indicators on April 14, quoting an unidentified source. Figures released afterwards by China's central bank and the National Bureau of Statistics matched nine of the ten numbers.

An analyst said data leaks can disrupt markets and give an advantage to investors with early access. Such leaks would undermine confidence in official data releases, which provide key trading triggers in the market.

Prior to the official release, the data are given to officials at the central bank, the Ministry of Finance, the National Development and Reform Commission (NDRC) and the government leaders' offices.

 

有知情人士对《第一财经日报》记者透露,相关部门针对经济数据泄露情况的调查已进行数月, 国家统计局办公室和中国人民银行研究局的一些人员已经相继离岗。

4月份,有香港媒体援引不具名消息公布了10组中国三月份宏观经济数据,其中有9组数据吻合了统计局稍后公布的实际数据。

一位券商研究人士表示,提前得到经济数据,会创造投机性交易的机会。数据的泄漏也会破坏政府威信,造成连锁反应。

中国的经济数据在正式发布前,会提前提供给相关的宏观经济决策部门和领导层进行参考,包括央行、财政部、发改委等。

China's business press carried the story above on Tuesday.

 
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