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 on July 19

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