China regulator says punishes three stock trading platforms
China’s securities regulators said it would fine three firms that run stock trading platforms, after finding that they were offering services to unqualified investors, it said late on Wednesday.
Hangzhou Hang Seng Network Technology Services Ltd, a subsidiary of Hundsun Technologies, Shanghai Mingchuang Software Technology Ltd, or MECRT, and Zhejiang Hexin Tonghuashun Network Information Ltd, will be punished, the China Securities Regulatory Commission said on its microblog Weibo Feed.
It said it would confiscate the earnings the firms had made from these services and would also fine them.
Source: Reuters – China regulator says punishes three stock trading platforms
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