BEIJING (Reuters) - China's securities regulator has fined China Evergrande Group's ( EGRNQ ) chairman Hui Ka Yan, and plans to ban him from entering the country's securities market for life over a series of rule violations, the company's flagship unit Hengda Real Estate said on Monday.

Hengda Real Estate was also handed a fine of 4.2 billion yuan ($583.50 million) over suspected fraudulent bond issues, the company said in a filing to Shenzhen bourse.

($1 = 7.1979 Chinese yuan renminbi)