Since the beginning of the year China’s Securities Regulatory Commission has given fines totaling $1 billion

Almaty. September 25. Silkroadnews – Since the beginning of the year China’s Securities Regulatory Commission has given fines totaling $1 billion, China.org.cn reported.
“From January to August, the China Securities Regulatory Commission has given fines totaling 7 billion yuan (1.06 billion U.S. dollars), up 141 percent year on year,” the report said.
It is noted that 38 people were suspended from operations with securities during this period, which is almost the same reading as for the whole 2016.
The most common violations, as reported, were the insider trading (with 204 cases accounting for 46% of the total number being considered under the preliminary investigation), followed by disclosure of information and market manipulation.
According to the agency, the commission has tightened both supervision over illegal activities in the market and the punishment relevant within the framework of China’s struggle on financial risks.