Off the wire
U.S. stocks open higher ahead of Yellen's speech  • India orders probe into attack on Nigerian student  • Feature: Greece evacuates largest informal refugee camp at Greek border village  • Delay in separating opposition from terror groups may overturn truce in Syria: Russia  • Beijing's new sub-center must be people-oriented: Xi  • Xinhua Insight: Revised textbook turns to Chinese traditional culture  • Feature: Chinese-funded projects in Colombo Port benefit countless people  • Urgent: Mastermind, 4 others behind Kampala bombings get life term  • French soldier stabbed in southwest France  • 28 miners go on hunger strike in northern Turkey over salary  
You are here:   Home

China penalizes illegal market operations

Xinhua, May 27, 2016 Adjust font size:

The securities regulator said Friday that it had punished individuals and firms involved in three cases of market violations.

China Securities Regulatory Commission (CSRC) imposed fines totaling 2.05 million yuan (312,625 U.S. dollars) on two individuals, one company and two people in charge of the company in the three cases, said CSRC spokesperson Zhang Xiaojun.

In two cases, two individuals were fined 1 million yuan each for illegal stock market manipulation that had affected stock prices and trading turnover.

Another private equity firm was fined 20,000 yuan for violating laws and regulations on the sale of private investment funds. Two managers from the firm were also fined. Endi