China regulator to check securities firms' financing needs

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China regulator to check securities firms' financing needs
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SHANGHAI : China's securities regulator said on Tuesday it would check the necessity for, and rationality of, securities firms' financing, as part of a vetting process.In a statement, the China Securities Regulatory Commission (CSRC) added that it encourages brokerage firms to focus on main business, capi

SHANGHAI : China's securities regulator said on Tuesday it would check the necessity for, and rationality of, securities firms' financing, as part of a vetting process.

In a statement, the China Securities Regulatory Commission added that it encourages brokerage firms to focus on main business, capital-saving and high-quality development.

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