The Chinese regulator almost tripled the level of fines collected from companies in the country last year as part of an attempt to crack down on insider trading and improve investor confidence in its volatile stock market.
The China Securities Regulatory Commission secured $113m in fines and the repayment of illegal profits from companies last year, according to its annual report published in June.
The level of fines was far smaller than the billions of dollars received by regulators in the US and the UK, but investors said it sent a strong message about the CSRC’s commitment to policing China’s turbulent stock market. The levels of fines is up 280 per cent on the previous year.