CHINAUS EUROPEASIA 中文双语Français
Home / Finance

China imposes $870m penalty for stock market manipulation

Xinhua | Updated: 2018-03-14 15:05

BEIJING - Chinese securities regulator said Wednesday that it has imposed a total penalty of about 5.5 billion yuan ($870 million) on a Chinese company for manipulating newly listed shares.

This was the largest penalty ever handed out by the China Securities Regulatory Commission.

The penalty was imposed on Beibadao (Xiamen) Logistics Group, which reaped 945 million yuan from manipulating the shares of some newly listed companies, including Jiangsu Zhangjiagang Rural Commercial Bank and Jiangsu Jiangyin Rural Commercial Bank.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US