Antitrust Antitrust

Industry probe against Chinese bond underwriters raises antitrust questions

By Yonnex Li
  • 22 Jul 2020 03:23
  • 22 Jul 2020 03:23
A self-initiated probe by a trade association against China's largest securities brokerages — including Citic Securities and Haitong Securities — for unusually low bids to underwrite a tranche of bonds has aroused concerns that the industry action may violate competition rules, MLex has learned.
The Securities Association of China said

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Yonnex Li

Chief Correspondent, Greater China


Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management industry as well as currency and financial reforms.

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