The South China Morning Post report that four brokers say the CSRC is probing their business

  • Haitong Securities, GF Securities, Huatai Securities and Founder Securities
  • All made stock exchange statements that they had received notices from the China Securities Regulatory Commission
  • For suspected failure to review and verify clients' identities

Along similar lines, Xinhua reported:

  • 8 people from Citic Securities were being investigated for possible involvement in illegal securities trade
  • A staff member from Caijing magazine was also being probed for spreading rumours
  • A current and a former staff member at the CSRC were also being investigated for suspected insider trading


A policy decision: "Probings will continue until the selling halts" ?