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SSE turns heat up on nominee holdings in trusts, brokerage asset management plans

The Shanghai Stock Exchange (SSE) is escalating its crackdown on the widespread use of nominee accounts in trusts and brokerages’ asset management plans, in what amounts to its latest step towards cleaning up the murky world of shadow finance and market manipulations by financial institutions and some HNW individuals in China. In a briefing session on Tuesday, the bourse said…

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