(Source: CGTN)

A former employee at the Shenzhen Stock Exchange, Feng Xiaoshu, has been fined 499 million yuan for illegal trading.

According to the stock exchange's spokesman, Zhang Xiaojun, Feng bought pre-IPO company shares in the name of his relatives before selling off the stock after the company listed. Total trading volume reached 251 million yuan, and Feng's profit amounted to nearly 300 million yuan.