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Citic suspected of insider trading: sources

China probe finds evidence that it did so during the government's stockmarket rescue

Published Wed, Sep 23, 2015 · 09:50 PM

Hong Kong

A CHINESE probe found evidence that Citic Securities Co, the nation's biggest brokerage, engaged in insider trading connected to the government's rescue of the stock market, people familiar with the matter said.

Investigators suspect that the brokerage used advance knowledge of government-orchestrated stock purchases to execute trades that benefited the firm…

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