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China Probes Brokerages’ Futures Units Amid Frenzies in Trading

  • Guotai Junan, Orient Securities say regulator investigating
  • Media report cites connection to commodity-futures trading

The futures units of two Chinese brokerages are under investigation in the latest in a series of securities-industry probes to accompany speculative frenzies in the nation’s markets.

Guotai Junan Securities Co., China’s third-largest brokerage by market value, said the China Securities Regulatory Commission suspects a “failure to effectively perform its duty as an asset manager,” in an exchange filing on Thursday. Orient Securities Co. issued a similar statement Friday.