China's securities regulator imposes record fines in 2018

0 Comment(s)Print E-mail Xinhua, January 05, 2019
Adjust font size:

BEIJING, Jan. 5 (Xinhua) -- China's securities watchdog imposed a record-high amount of fines in 2018 to punish market irregularities and prevent financial risks.

Fines and confiscations totaled 10.641 billion yuan (1.55 billion U.S. dollars) last year, up 42.28 percent year on year, the China Securities Regulatory Commission (CSRC) said Friday.

The regulator issued penalties in 310 cases while banning 50 people from entering the securities market again, up 38.39 percent and 13.64 percent respectively.

Insider trading took the lion's share of the penalized cases, followed by illegal information disclosure and market manipulation.

Liu Shiyu, head of CSRC, visited the agency's inspection bureau and team Saturday, urging them to use the latest technologies to enhance inspection capabilities. Enditem

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter