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Citic suspected of insider trading: sources
China probe finds evidence that it did so during the government's stockmarket rescue
Add BT as a preferred sourcePublished Wed, Sep 23, 2015 · 09:50 PM
Hong Kong
A CHINESE probe found evidence that Citic Securities Co, the nation's biggest brokerage, engaged in insider trading connected to the government's rescue of the stock market, people familiar with the matter said.
Investigators suspect that the brokerage used advance knowledge of government-orchestrated stock purchases to execute trades that benefited the firm, said the people, who asked not to be identified because the matter is private.
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