China Plan to Add to Brokerage Margin-Loan Checks
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China’s securities regulator will start a new round of checks into the margin-lending businesses of brokerages, looking for any irregularities in the funding that has helped to drive a stock market boom.
The assessments will be of a remaining 46 firms, after an initial 45 were checked, the state-run Xinhua News Agency reported Wednesday night. The China Securities Regulatory Commission said the checks were routine and shouldn’t be over-interpreted, Xinhua reported.