Three China brokerages under probe
Citic, Haitong and Guosen allegedly breach margin-trading rules
Shanghai
CHINA'S securities regulator is investigating Citic Securities Co, Haitong Securities Co and Guosen Securities Co over alleged breaches of rules on margin and short-selling contracts.
The China Securities Regulatory Commission (CSRC) probes involve contracts the three brokerages signed with clients on margin finances and short-selling, according to exchange filings by the companies on Sunday. The firms said their operations will remain normal and they will cooperate with the regulator.
