Others News
- Permits of Century Securities revoked
Date: 29-May-2007 Sources: (Shenzhen Daily)
THE securities regulator will revoke the securities permits for Century Securities Co. and continue to suspend its business after it failed to meet government demands.
The company hasn't met government requirements for net capital and other risk management benchmarks within the mandated time, the China Securities Regulatory Commission (CSRC) said in a statement. The small Shenzhen-based brokerage has had all new business suspended since June last year when the CSRC found it to be in violation of unspecified securities regulations.
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