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3Novices:China’s stock market regulator metes out average US$5.8m in fines a day

China’s benchmark stock index has barely moved in the first half of June, yet the regulator says rule violators have been slapped with 6.14 billion yuan (US$901 million) of fines in the first five months – a daily average of 40 million yuan.
These fines are still small compared to those meted out in the West – Deutsche Bank, for example, agreed to pay US$7.2 billion to resolve a US investigation at the end of last year.
But the China Securities Regulatory Commission is…
June 18, 2017 at 07:31AM http://ift.tt/2tAbOMv
#3Novices #News #OnlineMedia #China 3Novices China

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