Citic was one of three brokers that had been accused by the regulator of providing margin financing and securities lending. Photo: Reuters
Citic was one of three brokers that had been accused by the regulator of providing margin financing and securities lending. Photo: Reuters

Rare leniency by Chinese security watchdog saved three brokers US$60 million

  • Regulator announces no case to answer after three-year probe and drops fines of US$60 million
  • The companies had been caught up in crackdown that followed the market crash

Citic was one of three brokers that had been accused by the regulator of providing margin financing and securities lending. Photo: Reuters
Citic was one of three brokers that had been accused by the regulator of providing margin financing and securities lending. Photo: Reuters
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