China securities firms fined $76m in 2014

BEIJING - The China Securities Regulatory Commission (CSRC) announced on Friday that it fined 55 institutions and 416 individuals 468 million yuan ($76.3 million) in 2014.

The CSRC cooperated with the People's Court to ensure that fines were paid, said CSRC spokesperson Deng Ke.

Deng said that the CSRC will spare no effort to ensure punishments are effective, citing the use of integrity records, restrictions on going abroad and freezing of funds.