An advertising board showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. Photo: REUTERS/Jason Lee/File Photo

Regulator wallops Chinese railcar owner with a US$870 million fine for manipulating stock prices

The fine, already 70 per cent of last year’s total penalties, is a sign of the regulator’s determination to instil discipline and punish malfeasance in the financial markets

Topic |   China stock market

TOP PICKS

An advertising board showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. Photo: REUTERS/Jason Lee/File Photo
READ FULL ARTICLE