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 ...
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