China Imposes $2.3b in Penalties for Securities Fraud Case

China Imposes $2.3b in Penalties for Securities Fraud Case

The fraudulent stock and bond issuance case involves multiple related entities and 43 responsible persons, some of whom received lifetime bans. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Infor…

When the Nixon administration started relations with Mao's communist China, the goal, apart from weakening the Soviet Union, was to attract it to democracy and market economy. The U.S. wanted China to look like it and the vehicle for this convergence was going to be trade. It's been 53 years since President Nixon visited Mao in Beijing and today the U.S. is on the way to look more like China than China to the U.S. Keep reading...