US$965m fines levied

Source: Xinhua | 2018-07-09

CHINA’S securities regulator has imposed 6.4 billion yuan (US$965 million) of fines or confiscation orders in the first half of the year, a record high as a crackdown on capital market violations continues, CSRC Vice Chairman Yan Qingmin said at a conference.

The crackdown on the capital market is to ensure financial stability and prevent risk, Yan said.