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3Novices:‘Rat trading’ volume hits 80 billion yuan in China

China’s finance regulators have uncovered 80 billion yuan (US$11.7 billion) worth of trade volume related to a common form of misconduct known as “rat trading” since 2014, as the country has strengthened supervision of fund managers operating in its US$7 trillion stock market.
The figure is equivalent to roughly 3 per cent of Hong Kong’s economic output last year.
Rat trading in China essentially refers to a form of misconduct in which traders at a financial institution…
July 10, 2017 at 05:33AM http://ift.tt/2uGB2uj
#3Novices #News #OnlineMedia #China 3Novices China

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