'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
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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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