China Brokers Tumble as Citic Staff Detained, Rescue Costs GrowBloomberg News
Four Citic executives made confessions, state news agency says
Brokerages said told to stump up another 100 billion yuan
China’s brokerages tumbled after four Citic Securities Co. executives were detained and people familiar with the matter said the industry was told to contribute another 100 billion yuan ($15.7 billion) to a stock market rescue fund.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.