'Goldman Sachs of China' finds itself in Beijing's cross hairs
Govt looks into failure to stem a market fall that wiped out US$5 trillion in stock gains
Hong Kong
WITH its market dominance, banking talent, global ambition and sterling political connections, Citic Securities fancied itself the Goldman Sachs of China.
Citic Securities, the brokerage arm of the biggest state-owned financial conglomerate, rode China's stock market boom and a surge in corporate borrowing. The company's stock price tripled in six months.
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