Bankrupt Securities Firms in Legal Limbo

Chinese law spells out rules for the operation of securities firms, but it is less clear on what happens when a firm runs into financial difficulty. What happens to Chinese securities firms when they go under? China Southern Securities, Hantang Securities, China Eagle Securities, Asia Securities, Min'an Securities, Wuhan Securities, and Northern Securities have all entered bankruptcy liquidation in the past few years, but few of them have completed the process, reports 21st Century Business Herald.

You are currently reading 76 words of 473 total words in this article.
To continue reading this article, you must be a subscriber. Log in now..