China lifts brokerage curb in sign of market confidence

(Reuters) – In a sign of growing confidence that China’s stock markets are stabilising, the country’s securities regulator has lifted an order that required brokerages each day to buy more shares than they sell for any proprietary trading. But China’s crackdown on financial markets in the wake of a stock slump in the summer continued as anti-corruption investigators opened probes into two of China’s largest brokerages and censured four insurance executives.

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