China securities regulator imposes 7.7b yuan fines in 2017

Business | 30 May 2018 4:42 pm

The China Securities Regulatory Commission handed out administrative penalties of 7.71 billion yuan last year and in the first quarter of this year, said Yan Qingmin, vice chairman of the CSRC, at the 2018 Annual Conference of Financial Street Forum that ended yesterday.

The fines concerned 294 cases, including insider trading and price manipulation, with 47 people banned from securities trading.

The scale and quality of direct financing have improved, with IPOs and refinancing totaling 2 trillion yuan from January 2017 to the end of the first quarter this year, while bonds issued in bourses reached 4.5 trillion yuan during the same period, Xinhua reports.

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