Regulator imposes $965m fines in H1

The securities regulator continued to crack down on capital market violations in China and meted out more administrative penalties in the first half of the year. The China Securities Regulatory Commission handed out 159 administrative penalties in the first six months of this year, up 41 percent year-on-year, Yan Qingmin, CSRC vice-chairman, said at a conference. A total of 6.4 billion yuan ($965 million) of fines or confiscation orders were imposed, a record high, Yan said.