The China Securities Regulatory Commission has agreed to share information on companies or individuals suspected of violating stock market rules with other government bodies, which will join the commission in meting out additional punitive measures to those found guilty, South China Morning Post reported, citing a joint statement with the National Development and Reform Commission, the People’s Bank of China, the Ministry of Finance and General Administration of Customs. Punishment may now also entail bans on issuing enterprise bonds, selling bonds on China’s interbank market, launching stock incentive schemes, bidding for government procurement contracts, and setting up brokerages, fund management companies and futures firms.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved