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China Approves Heavier Penalties on Capital Market Violations

Views of Shanghai As China's Central Bank Going It Alone Spurs an Influx of Capital
Photographer: Qilai Shen/Bloomberg

China will increase penalties for fraudulent issuance of securities and other capital market violations from next year.

The maximum prison sentence will rise to 15 years from five, under an amendment to criminal laws approved in a meeting of Standing Committed of National People’s Congress on Saturday, China’s securities regulator said in a statement. The amendment will take effect from March 1.