花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China toughens punishment for stock market irregularities

Xinhua | Updated: 2017-06-17 11:28

BEIJING — China's securities regulator has toughened punishment on illegal market activities this year amid strengthened supervision, which handed out more fines in the first five months than the whole year of 2016.

From January to May, fines totalling 6.14 billion yuan (about $901 million) were slapped on law violators in the securities sector, according to the China Securities Regulatory Commission (CSRC).

A total of 29 people were suspended from securities business in the five months, the regulator said.

In 2016, the CSRC punished 183 illegal market activities and handed out fines of 4.28 billion yuan, up 288 percent from the 2015 level. Some 38 people were barred from the securities industry.

While affirming improved market supervision, CSRC Vice Chairman Jiang Yang warned that the economic uncertainties, as well as new technologies,products and trading mechanisms, are likely to trigger new risks and challenge regulation.

The CSRC has been toughening supervision and punishment of illegal market activities such as insider trading and stock manipulation after the market rout in 2015 shattered investor confidence.

In March, the CSRC slapped a 3.47 billion yuan fine on a company chairman for stock market manipulation, a record high.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US