CHINA TOPIX

Chinese Brokers Face Government Probe Over Allegations of Insider Trading

Benjie Batanes   |

Sep 16, 2015 09:16 AM EDT

Chinese authorities announced on Monday that several high ranking employees of one of the largest brokerage firm in the country are being probed over allegations that they engaged in insider trading of stocks. The government's move is seen as an indication that it will not hesitate to employ any means at its disposal to prevent the ongoing massive selling of Chinese stocks.