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China securities body finds 1t yuan error in Citic reports

Thursday, November 26, 2015 - 05:50
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As the wrong figures were not included in Citic's quarterly financial filings, the brokerage's reporting error has no impact on its reported earnings, a Citic investor relations representative told Reuters.

Beijing

CITIC Securities Co, China's biggest brokerage, overstated some of its financial derivatives by more than one trillion yuan (S$220.1 billion) in monthly reports from April to September, the country's securities association said.

The Securities Association of China (SAC)