Mainland Securities Firms' Financing To Be Checked
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2023-01-03 HKT 14:48
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The mainland'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) said it encourages brokerage firms to focus on main business, capital-saving and high-quality development.
The CSRC will support reasonable financing for securities companies, it added. (Reuters)
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