CSRC stops bill biz cooperation between Beijing, Shanghai, Shenzhen brokers and banks
According to Reuters, China Securities Regulatory Commission (CSRC) has recently asked the Securities Regulatory Commissions of Beijing, Shanghai and Shenzhen to step up supervision on bill operation cooperation between brokers and banks and has already stopped the related operations of brokers in Shenzhen. It is expected that the Securities Regulatory Commissions of Beijing and Shanghai would stop the related operations in the cities this week at the earliest. (t)
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