China probes automated trading as stocks slip again
Markets regulator also seeks trading records from banks in Singapore, HK
Shanghai
CHINA'S securities watchdog is investigating the impact of automated trading on share markets, as the authorities step up a crackdown on what they regard as heavy speculative selling that could destabilise the world's second-largest economy.
China's main share markets, both among the world's five biggest exchanges, have lost around 30 per cent of their value since mid-June, but the authorities have been flailing in efforts over the past three weeks to prevent a further selloff.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Segantii allegations roil a go-to block trader for global banks
Jefferies asks judge to remove managers of Weiss Multi-Strategy
JPMorgan sees gain of about US$8 billion from Visa exchange offer
BlackRock cuts jobs in muni business under new leadership
ANZ announces A$2 billion buyback despite lower cash earnings
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved