Haitong Securities' Chairman, Wang Kaiguo, has revealed in a press conference that the company is undertaking reforms and will tighten controls over risks. As we noted the summer, Haitong is currently being investigated by the China Securities Regulatory Commission (CSRC) over allegations of violations of securities regulations; CITIC Securities and Guosen Securities, Haitong's biggest rivals, are also under investigation.
Haitong Securities' Chairman, Wang Kaiguo, has revealed in a press conference that the company is undertaking reforms and will tighten controls over risks. As we noted last week, Haitong is currently being investigated by the China Securities Regulatory Commission (CSRC) over allegations of violations of securities regulations; CITIC Securities and Guosen Securities, Haitong's biggest rivals, are also under investigation.