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CHINA DEALS WITH 30 HEAVILY INDEBTED SECURITIES FIRMS.
BEIJING, Jan 1 Asia Pulse - China has dealt with 30 heavily indebted securities firms since 2004, said the China Securities Regulatory Commission on Thursday.
Of the total, 24 were closed or dissolved. The rest were subject to other solutions, such as capital infusions, stock ownership transfers or restructuring.
The commission said more than 90 per cent of China's securities dealers now meet government requirements in financial conditions.
The government demands that the net capital of a Chinese security company must be at least 8 per cent of its debts.
China's securities brokers have been found ...
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