皇冠体育app

BEIJING - Eleven fund management companies were penalized for insider and rat trading, the securities regulator announced Friday.

Five fund management companies, including 皇冠体育app AMC and HFT Investment Management Co Ltd, have been prohibited from handling public fund registration for three to six months, while another six firms were asked to rectify their practice by the 皇冠体育app Securities Regulatory Commission (CSRC).

The securities regulator launched a crackdown, focusing on 15 fund management companies, last December.

皇冠体育app's assets management sector saw impressive growth last year, with total business scale topping 10 trillion yuan ($1.63 trillion), up 101 percent year on year.

The CSRC will continue to conduct regular checks to increase risk awareness and guard investors' interests, according to the announcement.

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