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China fines Russian trading firm $100-mn for 2015 stock market crash

Verdict also involves penalty to two executives of the trading firm for futures market manipulation

Reuters  |  Shanghai 

A Chinese court meted out a nearly 700 million yuan ($102.4 million) punishment to a Russian-controlled high-frequency trading firm for futures market manipulation on Friday, drawing a line under one of the most high-profile cases of misconduct Beijing blames for contributing to the 2015 stock market crash. The verdict by the Shanghai No 1 Intermediate People's Court, posted on its official microblog, also involves a penalty to two executives of Yishidun International Trading Co. The ruling comes at the end of a week in which index publisher MSCI agreed to include China's ...

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First Published: Sat, June 24 2017. 17:07 IST
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