Homs closes to new business amid crackdown

Hundsun Technologies will not be opening new accounts on its popular Homs trading platform amid a regulatory crackdown on grey market margin finance.
July 16, 2015

Hundsun Technologies, the Chinese financial-services software provider controlled by Alibaba founder Jack Ma, is scaling back its popular Homs trading platform amid a crackdown on the previously unregulated grey market for margin finance.

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