China Probes Guotai Junan Securities For Statutory Failures

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China Probes Guotai Junan Securities For Statutory Failures

Postby kreslik.news » Thu Jun 16, 2016 9:29 am


Two Chinese brokerages including Guotai Junan Securities Co. are currently under investigation in the latest in a series of securities-industry probes for alleged failures to fulfill their statutory duties.

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Guotai Junan, China’s third-largest brokerage by market value, reported that the China Securities Regulatory Commission (CSRC) suspects a failure by the company to effectively perform its duty as an asset manager in a statement issued today. The second broker, Orient Securities Co. has also issued a similar statement.

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