Quant funds are asked to stop offering Direct Market Access products to external clients and to reduce their use of leverage for proprietary trades.
Prosecutors said the defendants use the tipping mechanism on livestreaming platforms to transfer illicit funds and launder money.
China's Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.
Around a quarter of WMC investors intend to invest CNY 1 million or more via the Scheme in the next 12 months.
The CSRC warns of harsh penalties for fraudulent listings, accounting scams, misuse of funds, insider trading, and market manipulation.
The money remittance company has informed the Monetary Authority of Singapore that it is planning to surrender its payment services licence.
A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.
Hengfeng Bank was bailed out in 2019 by Central Huijin Investment, Shandong Financial Asset Management and Singapore's UOB after a major corruption scandal.
Whitelists created by the 214 cities include more than 5,300 projects. Bank financing worth over $4bn has been disbursed.
The CSRC said investors' rights to trade fairly and freely will be protected, but that it would continue to crack down on abnormal trading and illegal activities.
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