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CSRC issues nearly 1.2 bln yuan fines in H1

BEIJING, July 13 (Xinhua) — China Securities Regulatory Commission (CSRC) issued 1.174 billion yuan (about 171 million U.S. dollars) of fines in the first half of this year, according to China Securities Journal.

During the period, the CSRC handed out 110 administrative penalties and prohibited 12 people from entering the securities market, the journal said.

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Securities agencies will remain the focus of CSRC supervision and punishment in H2, said Tian Lihui, a financial professor with Nankai University.

The CSRC will also step up inspections and punishments of listed firms’ activities, including information disclosure, refinancing and mergers and acquisitions, said Pan Xiangdong, chief economist at New Times Securities.

The authority will pay special attention to potential fraudulence of companies listed on the science and technology innovation board, Pan said.

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