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China tells some brokerages to conduct compliance checks on bond trading, sources say

The Star LogoThe Star10h ago

China tells some brokerages to conduct compliance checks on bond trading, sources say - The Star

Quick Summary:

SHANGHAI: China's securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying of Chinese government bonds.

The central bank has repeatedly warned against reckless bond buying, worried about a potential bubble that could end up in a Silicon Valley Bank-style crisis.

A wobbly Chinese economy, long hobbled by a protracted property crisis, has sent investors scurrying away from the volatile stock market while banks have also continued to cut deposit rates.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 15:20:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21996768

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "China tells some brokerages to conduct compliance checks on bond trading, sources say" was covered 10 hours ago by The Star, a news publisher based in Malaysia.

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The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 34 news stories per day.

It's most recent story was published 3 hours ago.

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  • News ID: #21996768
  • URL: https://beamstart.com/news/china-tells-some-brokerages-to-17231880862379

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