Brokerages probed as Beijing ups the ante

China investigates country’s largest securities houses and detains high-ranking official at Citic Securities after market rout.

China is investigating some of the country’s leading securities houses and has detained a senior executive at Citic Securities, providing further evidence that some state officials are increasingly leaning on their authoritarian instincts to help end the A-share mayhem.

¬ Haymarket Media Limited. All rights reserved.

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