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China probes major brokerage over manipulation, tightens bond issuance rules, amid market jitters

Last updated on November 19, 2020

China's interbank bond market regulator said on Wednesday that Haitong Securities, one of the country's largest brokerages, and its subsidiaries are suspected of providing assistance to Yongcheng Coal & Electricity Holding Group in the illegal issuance of bonds, and of manipulating the market.

Haitong was suspected of other violations involving interbank corporate debt instruments and exchange-traded corporate bonds, according to a statement released on Wednesday by the National Association of Financial Market Institutional . . .

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