Latest News
China securities authority moves to guard against risks, open wider
Last Updated: 2018-05-30 17:34 | Xinhua
 Save  Print   E-mail

Chinese securities regulator is continuing to act against capital market violations while expanding opening-up of the financial market.

The China Securities Regulatory Commission (CSRC) handed out administrative penalties of 7.71 billion yuan (around 1.2 billion U.S. dollars) 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 ended Tuesday.

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

Yan said that China had quadrupled daily quotas for the Shanghai and Shenzhen Hong Kong stock connects from May 1, and Chinese A-shares have been included in the MSCI China Index and the MSCI Emerging Markets Index.

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.

Share to 
Related Articles:
Most Popular
Chinese | BIG5 | Deutsch
Xinhuanet | | People's Daily Online | | CNTV | | Global Times | | China Youth International | Visit Beijing |
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved