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Chinese regulator warns banks of illegal fund flows into stock market

Last updated on July 16, 2020

Chinese regulator warns that banks and insurance companies are not allowed get involved in illegal margin lending business to fund stock trading, as China's stock market stages a rally fuelled by economic recovery and ample liquidity.

The China Banking and Insurance Regulatory Commission (CBIRC) said in a recent statement that some disorder has returned to the markets and some high-risk shadow banking activities have been revived, and some have attempted to make a comeback in . . .

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