Hong Kong Probes Funds, Brokers on China Products

Hong Kong Probes Funds, Brokers on China Products

10 September 2015, 21:07
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News organization says items identified with territory securities. 

No remark quickly accessible from Hong Kong's controller. 

Hong Kong's securities controller is researching whether dealers and speculative stock investments in the city abused licenses by making and exchanging Chinese venture items, Reuters reported, refering to unidentified individuals. 

The two-week-old test spreads global securities firms and Hong Kong units of Chinese dealers and includes Chinese speculation portions used to make items for mutual funds to exchange stocks and securities in the territory, Reuters said. No remark was promptly accessible from the Securities and Futures Commission. 

Agents may have required additional licenses regarding a few items, where they had the watchfulness to oversee arrangement of securities for their customers, the news organization reported. One unidentified individual said the SFC was taking a gander at whether some multifaceted investments had ruptured their licenses or general behavior rules. 

The test is expected to help the China Securities Regulatory Commission.https://www.mql5.com/en/signals/111434