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Caixin

Haitong Securities probed in fraudulent financial reporting case

Regulators slam scandal-plagued company again as China steps up oversight

Haitong has received six punishment and five warning letters from the CSRC since November.   © Reuters

Chinese regulators are probing Haitong Securities over allegations of misconduct in the brokerage house's investment banking business, dealing another blow to the scandal-plagued company amid tightening scrutiny of financial intermediaries.

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