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China securities regulator quickens pace of fines: Xinhua

June 17, 2017 SHANGHAI (Reuters) – China’s securities regulator has doled out more fines, totaling almost $1 billion, in the first five months of this year than during the whole of 2016, the official Xinhua news agency said on Saturday. Chinese regulators have launched a raft of new rules and increased scrutiny over China’s financial services sector in a bid to reduce leverage as growth in the world’s second-largest economy slows. The China Securities Regulatory Commission had slapped fines totaling 6.14 billion yuan ($901.65 million) by the end of May…

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China’s top securities regulator vows to punish ‘iron roosters’ with no dividend payout

April 8, 2017 SHANGHAI (Reuters) – China’s top securities regulator urged listed companies to reward investors with cash dividends, vowing to punish stingy “iron roosters.” Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC) also warned listed firms against raising money for blind investments, or designing complicated share structures that facilitate insider trading and other malpractices. “Paying cash dividends is a basic way to reward investors … and the ultimate source of a stock’s intrinsic value,” Liu said in a recent speech, a transcript of which was posted on…

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