China securities regulator to check brokers' financing needs after Huatai share plan

China securities regulator to check brokers' financing needs after Huatai share plan

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang

China’s securities regulator said it would fully check securities firms’ financing needs after Huatai Securities Co Ltd proposed a share placement plan that would be one of the biggest in China’s brokerage industry.