Caixin
Jan 05, 2019 04:15 AM
FINANCE

Securities Regulator Handed Out Record Penalties in 2018

The China Securities Regulatory Commission steps up punishment of market violations with record penalties. Photo: VCG
The China Securities Regulatory Commission steps up punishment of market violations with record penalties. Photo: VCG

China’s securities regulator imposed record penalties in 2018 on dodgy market players, reflecting the country’s continued crackdown on market misconduct.

The China Securities Regulatory Commission (CSRC) issued 310 administrative penalty orders last year, 38.4% more than in the previous year. Fines levied on violators totaled 10.6 billion yuan ($1.54 billion), up 42.3% year-on-year, the commission said Friday in a statement. The commission banned 50 people from the market last year.

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