www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Watchdog nets more fish in illegal trading swoop

By Li Xiang (China Daily) Updated: 2015-10-24 08:10

Watchdog nets more fish in illegal trading swoop

A stock indicator shows the benchmark Shanghai Composite Index on Oct 24, 2015. [Photo by Xie Zhengyi/Asianewsphoto]

Regulator imposes combined fines of $315 million for 12 cases of market manipulation

China's securities watchdog on Friday imposed a fresh round of heavy penalties on several individual and institutional investors for market manipulation in an attempt to crack down on the rampant illegal activities that have plagued the country's stock market.

The China Securities Regulatory Commission reported 12 cases of market manipulation on Friday and imposed a combined fine exceeding 2 billion yuan ($315 million).

The penalties made on Friday were part of the regulator's comprehensive campaign to root out illegal market activities launched in April.

In less than six months, the regulator has investigated 106 cases, according to the CSRC. Total fines issued by the regulator have exceeded 4.5 billion yuan over the past two months, according to media estimates.

The illegal trading in the latest 12 cases took place during the market rout in the summer that wiped out $5 trillion in market value. They involved manipulation of exchange-traded funds and short selling by borrowing shares from the brokerages.

A foreign financial institution was also fined for manipulating the Chinese market under the Qualified Foreign Institutional Investors program, according to the CSRC.

"The manipulative trading distorted the supply and demand mechanism in the market, misled investors and disrupted market order. The regulator will continue to crack down on illegal activities to maintain market order," Deng Ge, a CSRC spokesman, told a news conference on Friday.

Despite the stepped up government crackdown, there have been signs of rising manipulation in the A-share market which has rebounded 11 percent this month, market observers said.

Nicknamed as an "evil stock" by investors, Shenzhen Tellus Holding Co Ltd has seen its share price jump by the 10 percent trading limit for eight consecutive trading days by Friday, soaring 117 percent from 40 yuan to 87 yuan per share.

The regulator fined an individual investor surnamed Wu and a fund manager from Shenzhen a combined 1.3 billion yuan for manipulating the company's shares.

On Friday, the benchmark Shanghai Composite Index gained 1.3 percent to close at 3,412.43 points. The market sentiment on Friday was also stirred by the death of a senior executive of a major securities firm. Chen Hongqiao, the president of Guosen Securities Co, died at his home on Friday. The brokerage confirmed Chen's death in a statement on Friday and said it was informed of the same by Chen's family.

Chen, 49, previously worked as the deputy general manager of the Shenzhen Stock Exchange. Media reports suggest that he had worked closely with Zhang Yujun, former assistant chairman of the CSRC who is being investigated by the Chinese government for "serious discipline violations".

 

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 自拍视频一区 | 日韩大片高清播放器大全 | 国内精品久久久久久久aa护士 | avhd101天天看新片 | 成人免费毛片网站 | 一区二区三区在线 | 网站 | 一级a毛片免费观看久久精品 | 久久在线免费视频 | 国产精品午夜性视频 | 国产一区二区三区不卡免费观看 | 中文字幕一区二区三区精彩视频 | 日韩 综合 | 国内久久 | 久久久久久久久久久久久久久久久 | 精品久久一区二区 | 精品久久久久久免费影院 | 国产一级真人毛爱做毛片 | 91.xxx.高清在线 | 一区二区三区高清在线 | 国产成人综合亚洲欧美在 | 亚洲精品综合一区在线 | 全国男人的天堂网 | ffyybb免费福利视频 | 在线免费黄网 | 日本在线亚州精品视频在线 | 日韩欧美一区二区三区在线观看 | 网禁呦萝资源网站在线观看 | 国产日韩欧美一区二区 | 中国成人免费视频 | 久色一区 | 久久福利资源站免费观看i 久久高清精品 | 日本中文字幕不卡免费视频 | 欧美性色黄大片一级毛片视频 | 免费国产成人高清无线看软件 | 欧美色xxx| 国产一国产一级毛片视频在线 | 日韩国产午夜一区二区三区 | 欧美日韩精品一区二区三区视频播放 | 日本亚洲欧美国产日韩ay高清 | 欧美亚洲国产激情一区二区 | 欧美aaaaa激情毛片 |