Published: 4:00pm, 3 Aug, 2015 Updated: 11:34pm, 3 Aug, 2015
Hedge Fund giant Citadel reports that one of its accounts in China has been banned from trading by Chinese regulators. Citadel is one of the first foreign casualties, as authorities look to take action against what it is calling, malicious short selling. The China Securities Regulatory Commission has blamed 'coordinated stock dumping' and 'selling-off of heavily-weighted stocks' as well as automated trading for turbulence in the market which it is intent on cleaning up.