China's securities regulator impose more fines

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China's securities regulator has handed out more fines in the first half of this year to punish market violations amid tightened financial supervision.

In the first half of 2017, the China Securities Regulatory Commission (CSRC), imposed a total of 6.36 billion yuan fines (about 938.8 million US dollars), with year-on-year growth of more than 149 percent, according to the CSRC's report.

A total of 30 people were suspended from securities businesses in the first half of this year, which is almost the same amount of the year of 2016, CSRC said.

It has dealt with 24 cases of violations in information disclosure, 24 cases of insider trading, and 14 cases of market manipulation during the first six months, said the report.

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"Supervision and law enforcement apply to all fields, all links of businesses, and all market players. There is no blind spot in the net of justice, and for criminals, there is no-where to hide," the CSRC said in a statement.

Since China stepped up a crackdown on financial risks this year, the CSRC kept the financial system under tight supervision, punishing illegal market activities at the same time.

Financial regulators have also rolled out a string of tightening measures in order to target shadow banks and other undesirable practices.

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