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.
