SHANGHAI: China’s securities regulator is investigating the bond-related business of Sealand Securities, the brokerage at the heart of a scandal that has hurt sentiment in the country’s wobbly debt market and threatens to trigger further volatility.
Sealand Securities defaulted on a bond transaction with Bank of Langfang, in China’s northern Hebei province, following the recent tumble in bond prices, local media reported last Wednesday.
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