CSFC demands more funds from brokers

More from China’s press (via MNI):
– Xiao Gang, chairman of the China Securities Regulatory Commission, met with 50 brokerage houses on Saturday
– Called for them to hand over more funds, as a percentage of their net assets, to the CSFC 
(MNI note that the CSFC is the main vehicle that Beijing has used for stock market intervention and the move is aimed at providing it with more ammunition)

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