SHANGHAI, March 13 (Reuters) - China's securities regulator has fined a group of stock traders more than $173 million for market manipulation, including via the Shanghai-Hong Kong Stock Connect in the first cross-border case of its kind involving the scheme. ( read original story ...)
China Fines Repeat Offender $170 Million for Stock Manipulation
The CSRC’s fine against Tang in the connect case is the highest possible, said Natasha Xie, a Shanghai ... 10 percent of the stock’s daily volume. In 10 days during that period, their activity was more than 20 percent of the market in the shares. ( read original story ...)
China fines trader $170m
Shanghai - Chinese regulators handed down penalties in the country’s first market manipulation case involving the stock exchange connect program between Shanghai and Hong Kong. Tang Hanbo was ordered to pay 250.7 million yuan ($36 million) for allegedly ... ( read original story ...)
China Fines Trader $170 Million, Makes First Stock Link Penalty
Chinese regulators handed down penalties in the country’s first market manipulation case involving the stock exchange connect program between Shanghai and Hong Kong. Tang Hanbo was ordered to pay 250.7 million yuan ($36 million) for allegedly ... ( read original story ...)
CSRC approves IPO applications of 10 firms
has approved the IPO applications of 10 companies. The firms will be allowed to raise a maximum total of 4.9 billion yuan (709 million U.S. dollars), a statement said late Friday. Four of the firms will be listed on the Shanghai bourse, two on the Shenzhen ... ( read original story ...)
China busts first market manipulation case under Shanghai-HK stock link
BEIJING, March 10 (Xinhua) -- China has busted the first cross-border market manipulation case under the Shanghai-Hong Kong Stock Connect, the China Securities Regulatory Commission (CSRC) said Friday. Authorities gave maximum administrative penalties to ... ( read original story ...)
China joint infrastructure projects get nod to issue securities: regulator
SHANGHAI China's stock market regulator said on Friday that several infrastructure projects which use a public-private partnership (PPP) model have been approved to issue securities, letting them tap a new source of funding. Beijing has promoted the PPP ... ( read original story ...)