CHINA’S stock regulator said Friday that it has stepped up supervision of online promotions by investment funds promising high returns with little risk.

    “We have noticed some irregularities by funds that focus on advertising their high yields,” the China Securities Regulatory Commission (CSRC) said on its official Sina.com Weibo microblog account.

    Investment funds must fully and accurately disclose the features and risks of the products and must not mislead investors by offering high returns without risk, the CSRC said.

    The stock regulator also said that it will take action against some funds if it confirms that rule violations took place.

    The regulator didn’t identify any funds that may have made such claims and didn’t spell out the action it may take.

    Hundsun Technologies Inc., a Shanghai-listed company, told the stock exchange Thursday that a subsidiary had been notified by the Zhejiang provincial office of the stock regulator that it had improperly promoted an investment product.

    Hundsun said the violation was related to guarantees of an annual investment return of up to 8.8 percent. It said that the promotional material had since been revised. (SD-Agencies)