Authorities in Hunan, Liaoning, Xi’an, Chongqing to close local financial asset exchanges

Chinese media (Caixin) with the report:

• Financial authorities in Hunan, Liaoning, Xi’an, and Chongqing have announced the closure of local financial asset exchanges
• a bid to combat financial risks and illegal fundraising activities
• The closure of the four exchanges marks the beginning of a broader clampdown, with existing financial asset exchanges nationwide expected gradually to cease operations, a person close to the regulatory body said

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This article was written by Eamonn Sheridan at www.forexlive.com.