Firm Apologizes for Leak

Zijin Mining Group Company’s board of directors issued an apology for the Ting River acid spill. Via the Wall Street Journal: A major Chinese mining company offered a rare public apology for its role in polluting a local...

China Mulls Letting Four Brokers Try Margin Trading

From Bloomberg: Citic Securities Co. and three other brokerages may be allowed to offer loans for stock purchases as China’s government seeks to bolster the market after the benchmark index slumped 66 percent this year....

China Will Test Short Selling, Margin Lending

From Wall Street Journal: China’s securities regulator said Sunday it would shortly begin a trial program allowing securities firms to engage in margin lending and short selling, long considered necessary to help the...

China Cracks Down on Market ‘Ratholes’

From the Financial Times: China’s securities regulator has banned one fund manager from the country’s capital markets for life and another for seven years in a warning to the industry to clean up lax internal controls. The two...

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