China tells some brokerages to conduct compliance checks on bond trading, sources say


SHANGHAI: China's securities regulator has ordered some brokerages to inspect their bond trading activities, three people with knowledge of the matter said, as authorities seek to rein in frenzied buying of Chinese government bonds.

The brokerages, all of which are domestic, have been told to conduct compliance checks on all parts of their bond trading operations, said the people, of whom two had direct knowledge of the instructions.

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