China securities regulator orders brokerages to review trades

Beijing

CHINA'S securities regulator instructed brokerages on Sunday to review trades and enforce rules that require the use of real names and national identification numbers, the latest move by the government aimed at stabilising stock prices following a devastating market rout the past month.

Chinese authorities have frantically tightened controls on trading while partly blaming illegal behaviour for the 30 per cent drop that has wiped out trillions of dollars worth of market value in just three weeks.