Mainland securities firms' financing to be checked
The mainland's securities regulator said on Tuesday it would check the necessity for, and rationality of, securities firms' financing, as part of a vetting process. In a statement, the China Securities Regulatory Commission (CSRC) said it encourages brokerage firms to focus on main business, capital-saving and high-quality development. The CSRC will support reasonable financing for securities companies, it added. (Reuters)