CSRC sends message with insider-trading bans
China Asset Management is among five fund firms banned from launching products for up to six months as the securities regulator adopts a zero-tolerance approach to illegal activity.
Five Chinese fund houses have been banned from registering new fund products temporarily as the securities regulator fires a warning shot to the industry over insider trading.
The China Securities Regulatory Commission (CSRC) slapped the ban on the firms on Friday as punishment for lack of compliance and risk controls.
The regulator's move is seen as a bid to deter fund houses in China from engaging in illegal activities, as well as an attempt to boost foreign inves…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.