China launches new probe into margin trading
Stock regulator's move comes amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system
Shanghai
CHINA'S stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.
The regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said.
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