日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Appeal of ex-Everbright Securities executive rejected

By Cai Xiao (chinadaily.com.cn) Updated: 2014-12-26 13:58

Background: Everbright Securities fined for insider trading

Appeal of ex-Everbright Securities executive rejected

A "fat finger" trading incident involving more than 7.2 billion yuan ($1.17 billion) at Everbright Securities Co Ltd on Aug 16, 2013 exposed regulatory flaws and weak links in the workings of the nation's capital markets. Regulators are still investigating the trading error. [Photo / China Daily] 

China's securities watchdog confirmed that abnormal trading on Aug 16 by Everbright Securities constitutes a number of legal and regulatory violations and has slapped fines totaling 523 million yuan ($84.75 million) on the company.

China's securities watchdog confirmed that abnormal trading on Aug 16,2013 by Everbright Securities constitutes a number of legal and regulatory violations and has slapped fines totaling 523 million yuan ($84.75 million) on the company.

Bourse defends handling of Everbright glitch

The Shanghai Stock Exchange, the largest bourse in China by market capitalization, has defended its handling of a recent incident in which transaction sums were incorrectly inputted for Everbright Securities, misleading investors.

The exchange said that its handling of the incident on Aug 16, 2013 was in accordance with regulations and precedents.

"Both the price and sum of the purchase orders placed by Everbright Securities during morning trading last Friday were within the stipulated range of the exchange, so we didn't issue any warning to the market," said the exchange in an online media briefing via its Weibo, or microblog, account.

Regarding the glitch being caused by a mistake in inputting transaction data, the exchange upheld its decision to not issue any warning by citing precedents such as an incident involving Taiwan Fubon Securities in 2005, when a trader mistakenly inputted an 80 million-yuan order as 8 billion yuan.

Erroneous trading by Everbright Securities on Aug 16 caused a 5.96-percent spike in the benchmark Shanghai Composite Index in about three minutes.

Investors have been dissatisfied with the exchange's failure to alert them quickly to the glitch as they chased rising stocks and suffered great losses subsequently when prices tumbled.

Sunday's explanations from the exchange generated largely negative responses from netizens, who tend to think the exchange could have done more to warn investors of possible risks.

"The exchange is finding excuses through others' faults in failing to issue warnings," said a Weibo user with the screen name "Youyudeshengling."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲成人免费网站 | 伊人网在线观看 | 看黄色一级视频 | 91精品久久久久久粉嫩 | 一区亚洲 | 黄色在线视频网站 | 亚洲美女一区二区三区 | 日本中文字幕一区 | 欧美视频中文字幕 | 午夜爱爱影院 | 久久爱伊人| 18岁成年人网站 | 国产手机在线 | a一级黄色片 | 99热91| 国产午夜三级 | 午夜久久久 | 91麻豆产精品久久久久久 | 日韩欧美一区二区三区四区 | 亚洲一区无 | 久久久综合 | 久久一线| 亚色网站 | 国产高清成人 | 好吊色在线观看 | 人人爽视频 | 亚洲天堂区 | 欧美中文字幕一区 | 97视频免费 | 亚洲视频91| 亚洲欧美另类在线 | 高清av在线 | 69亚洲精品 | av男人天堂网 | 欧洲精品在线观看 | 久久精品片 | 欧美人人爽 | 国产精品视频在线看 | 伊人啪啪网 | 人人艹超碰 | 大尺度一区二区 |