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China's metal financing probe rattles lenders

The same cargo of metal at Qingdao could be used many times as collateral

Delve deeper: Authorities at the port in north-east China have not officially confirmed an investigation, and have said that exports and operations are running normally. - PHOTO: REUTERS

[SHANGHAI] Global trading houses and banks were scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concerns grow that a crackdown on commodity financing could hit trade in the world's top metal buyer. The investigation at the world's seventh largest