China Brokers Face Double-Whammy as Margin Finance Curbed – Bloomberg
Bloomberg |
China Brokers Face Double-Whammy as Margin Finance Curbed
Bloomberg Guotai Junan Securities Co. was also suspended from adding margin accounts, while the regulator punished nine other securities companies for offenses including allowing unqualified investors to open margin finance and securities lending accounts. Explainer: Margin finance in China Q&A: Why China's stock market plunged 8 percent China stocks suffer biggest one-day tumble since June 2008 |
