CSRC pun­ishes 3 firms for ‘illegal’ trad­ing

China Daily (Canada) - - SHANGHAI -

The China Se­cu­ri­ties Reg­u­la­tory Com­mis­sion said it will pun­ish three com­pa­nies for run­ning what it called illegal se­cu­ri­ties oper­a­tions, ac­cord­ing to a state­ment pub­lished onWed­nes­day. The com­pa­nies were named asHangzhou-basedHund­sun Tech­nolo­gies Inc, Shang­haibasedMe­crt Corp andHangzhoubasedHi­think Roy­alFlush In­for­ma­tion Net­work Co Ltd. The CSRC said they of­fered in­vestors the chance to trade shares with­out open­ing ac­counts un­der their real names.

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