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China penalizes illegal market operations
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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 (US$312,625) 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.
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