You are here

China securities body finds 1t yuan error in Citic reports

As the wrong figures were not included in Citic's quarterly financial filings, the brokerage's reporting error has no impact on its reported earnings, a Citic investor relations representative told Reuters.


CITIC Securities Co, China's biggest brokerage, overstated some of its financial derivatives by more than one trillion yuan (S$220.1 billion) in monthly reports from April to September, the country's securities association said.

The Securities Association of China (SAC)...

Market voices on: