China’s Stock-Market Regulator is Investigating Citic Securities

SHANGHAI—China’s securities regulator has launched a probe into Citic Securities Co. for suspected violations of securities rules, escalating a crackdown on the country’s largest stockbroker at the center of a broad campaign to clean up the financial sector following the summer’s stock-market rout.

In a statement to the Shanghai Stock Exchange, Citic Securities said that it has received notification from the China Securities Regulatory Commission regarding the investigation, without offering further details. The…

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