CSRC rated securities firms

CSRC slashes ratings of three securities firms

Two brokerages have been given the regulator's lowest rating, underlining the regulator’s determination to get tough on wrongdoing by IPO sponsors.

China’s securities regulator has dumped Ping An Securities to the bottom of its rating universe in response to the broker’s misconduct, signalling that it intends to take a tough line on sponsors.

¬ Haymarket Media Limited. All rights reserved.

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