China regulator to check securities firms' financing needs
FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang
SHANGHAI : China'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) added that 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.
Source: Reuters
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