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Sunday, April 21, 2019, 10:34
Record fines imposed by China securities regulator in 2018
By Xinhua
Sunday, April 21, 2019, 10:34 By Xinhua

In this undated photo, a pedestrian stands next to the China Securities Regulatory Commission office building in Beijing, China. (PHOTO / PROVIDED TO CHINA DAILY)

BEIJING – China's securities watchdog toughened punishment on illegal market activities last year amid strengthened supervision, with total fines and administrative penalties reaching a three-year high. 

Total 10.641 billion yuan (US$1.59 billion) of fines and confiscations were ordered by the China Securities Regulatory Commission (CSRC) in 2018, up 42.28 percent year on year, Yan Qingmin, vice chairman of the CSRC, said at a meeting. 

READ MORE: China securities authority moves to act against risks, open wider

The regulator handed out a combined 310 administrative penalties last year, up 38.39 percent, according to Yan. 

ALSO READ: China securities regulator vows to protect investors' interests

The regulator has vowed to continue its tough stance against all violations to better serve the real economy.

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