Off the wire
• China's top political advisor meets former Japanese PM  • 1st LD Writethru: Chinese president wraps up British visit in Manchester  • 1 killed, 2 wounded as India, Pakistan trade fire in Kashmir  • Spanish stock market rises 1.07 pct, closes at 10,476 points  • Migrant women, children in Europe at risk of abuse, sexual violence: UNHCR  • Zara's founder Amancio Ortega is the world's richest man  • China, ASEAN meet on closer security cooperation  • UN chief "profoundly troubled" by Jerusalem violence, fears religious conflict  • LME base metals mostly decrease on Friday  • Roundup: China, Britain set sail for "golden" future after Xi's milestone visit  
You are here: 　 Home

Firms, individuals penalized for stock market manipulation

Xinhua, October 24, 2015 Adjust font size:

China's securities regulator said Friday that it had dealt out punishments in 12 cases of securities market manipulation.

The China Securities Regulatory Commission (CSRC) decided to impose total fines of more than 2 billion yuan (315 million U.S. dollars) on companies and individuals found responsible.

The violations include manipulating trading on 50 ETF, stock price manipulation through margin lending. One overseas company was found to have manipulated prices, too.

The behavior had damage market order and mislead investors, said CSRC spokesperson Deng Ge, adding that the commission will continue to investigate unfair market practice.

China's stock markets have seen wild swings in recent months despite government intervention. The market gained 0.89 percent this week after a major correction on Wednesday, when the benchmark Shanghai Composite Index tumbled 3.06 percent. Endi