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.
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