No Margin For Error

China Suspends 3 Big Brokers From Adding Margin Accounts
China suspended three of the nation’s biggest brokerages, including Citic Securities Co. (600030) and Haitong Securities Co. (600837), from adding margin-finance and securities lending accounts for three months following rule violations.

Guotai Junan Securities Co. was also suspended, the China Securities Regulatory Commission said on its microblog Friday. The firms let customers delay repaying financing for longer than they were supposed to, the regulator said, without giving more details.

2015-01-19 UPDATE: The first full day of trading following the margin crackdown. Chinese Stocks Crash Following Renewed Crackdown On Margin Accounts

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