China-linked stocks plunge on news of probe

The Daily Telegraph - - Front page -

Bei­jing and Hong Kong stocks linked to Chi­nese con­glom­er­ates plunged up to 10 per cent yes­ter­day as news of a probe into China’s swash­buck­ling cor­po­rate em­pire-builders spread. The China Bank­ing Reg­u­la­tory Com­mis­sion said it was in­ter­ested in “sys­temic risks” to the fi­nan­cial sys­tem.

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