1. China's stock market will see a restart of initial public offering (IPO) from Monday with a total of ten companies scheduled to launch new share subscription within the week.
2. China's securities regulator said Friday that it had punished individuals and firms involved in seven cases of stock market violations. The China Securities Regulatory Commission (CSRC) decided to impose total fines of 43.28 million yuan (6.77 million U.S. dollars) on three individuals, four companies and four legal representatives of companies in the seven cases, in which illegal share-holding reduction, illegal short-term trading and information disclosure were conducted, said Zhang Xiaojun, spokesman of the CSRC.
3. China scrapped compulsory net purchase orders on securities traders to allow them trade freely on market conditions, the country's top securities watchdog said Friday. China Securities Regulatory Commission (CSRC) ordered securities traders to buy more stocks than they sold in July when stock markets experienced violent fluctuations. The move is considered a reflection of CSRC's confidence in the stock markets, which resumed IPOs earlier this month.
4. Three listed Chinese securities companies have been investigated by the China Securities Regulatory Commission (CSRC), the top securities regulator, over suspected irregularities in carrying out margin trade business. Guosen Securities Co., Ltd. (002736.SZ), Haitong Securities Co., Ltd. (600837.SH) and CITIC Securities Co., Ltd. (600030.SH) admitted in respective announcements published on Sunday that they are suspected of violating rules on signing margin trading contracts with clients.
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