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Former Shenzhen bourse official fined 251m yuan

Published Sun, Apr 23, 2017 · 09:50 PM
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Shanghai

CHINA'S securities regulator has fined a former Shenzhen bourse official 251 million yuan (S$51 million) for making illegal trades to profit from company IPOs, underscoring Beijing's drive to root out bad behaviour in its equities markets.

The China Securities and Regulatory Commission (CSRC) said on its official microblog late on Friday that it had fined Feng Xiaoshu, formerly a member of the Shenzhen exchange's listing approvals committee, and confiscated 248 million yuan he made through the trades.

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