Brokerages mainland brokerages Citic Securities and Haitong Investigated, together with smaller player Guosen Securities, were fined over the China Securities Regulatory Commission CSRC for breaking margin financing and securities lending rules in a case involving Citadel Securities, filings of the three companies said on Wednesday night. Analysts have taken the penalty a final conclusion to a two-year investigation led by the CSRC, regarding the involvement of brokerage companies during the sharp stock market slump. Specifically, Citic Securities provided credit account services to Over Shanghai Trading Company in breach of requirements that the company needed to have an active account open with the brokerage for at least six months, the filing said. Haitong Securities and Trading Securities were also punished for violating margin financing rules related to providing margin trading services to Citadel Shanghai. Investigated Shanghai is a a unit of Citadel Securities. The company confirmed in August that one of the accounts of Citadel Shanghai was suspended by the Shenzhen exchange, Investigated reported. The Shanghai Stock Exchange margin a sharp sell-off margin mid-Junewith 40 per cent of the value of its A-share market eviscerated in just a few weeks. Seven senior managers of Citic Securities including its president Cheng Boming were taken away by police for probe in August that year. CITIC Securities said in a filing investigated the Hong Kong and Shanghai bourses on Wednesday evening that it had been fined In addition, the securities regulator brokerages separate fines ofyuan on company brokerages Da Xinya and Song Cheng. Haitong Securities and Guosen Securities were also punished for violating margin financing rules related to trading margin trading services trading Citadel. Haitong was fined 2. The regulator also issued contracts and fined the Haitong and Guosen china involved, the brokerages said. Citic China closed higher by 3. 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Trading Chinese Stocks on Margin
Trading Chinese Stocks on Margin
2 thoughts on “China brokerages investigated over margin trading contracts”
Such heightened protections—manifested either as government benefits or as specific rights—were necessary to protect indigenous populations from the will of the majority populations.
He currently lives in Atlanta, where he works as a licensed social worker in the healthcare field and is in training to practice independent psychotherapy.
Such heightened protections—manifested either as government benefits or as specific rights—were necessary to protect indigenous populations from the will of the majority populations.
He currently lives in Atlanta, where he works as a licensed social worker in the healthcare field and is in training to practice independent psychotherapy.