China began to fine for illegal stock trading

Almaty. September 30. Silkroadnews - China, to stabilize the market, began to fine for "illegal stock trading", reported Tass news agency.
In several cases the perpetrators have been fined for total amount of 28.42 million yuan ($4.4 million).
State Committee for Control over the securities previously "in an effort to mitigate the fluctuations in the stock market prohibited the largest owner of shares to dump their assets in the period from July to December, as the oversupply could lead to a further drop in prices".
However, "four individuals, five entities and eight senior officials" tried to circumvent regulations, the State Committee said.
"Their actions seriously disrupted order in the market and to a large extent undermined the confidence of investors", - said the representative of the State Committee.