China crackdown on security industry intensifies
Hong Kong
CHINA's biggest clampdown on malpractices in its securities industry kicked into higher gear this week with news that three of the nation's largest brokerages are being investigated for alleged rule violations.
Citic Securities Co and Guosen Securities Co late on Thursday announced probes by the securities regulator, triggering a slump in Chinese brokerage shares on Friday. Haitong Securities Co, which halted its shares from trading pending an announcement, is also under investigation, people with knowledge of the matter said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin