Date
17 August 2017

CSRC tightens supervision of online finance, paper says

The China Securities Regulatory Commission (CSRC) will step up oversight of the booming online finance sector and impose heavy penalties for illegal trading in securities, the Shanghai Securities News reported Friday, citing CSRC vice-chairman Liu Xinhua {劉新華}. The commission will also improve the existing information disclosure and credit system, as well as data security to better protect investors, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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