Shares in China brokerage fall on police probe

Shares in China’s largest brokerage have fallen 4 per cent after the company revealed three executives were being investigated for suspected insider trading.

The BBC reports those being investigated at Citic Securities are the company’s president Cheng Boming, vice manager of information technology Wang Jinling and head of operational management Yu Xinli.

Last month four other senior executives are said to have admitted to insider trading.

Chinese regulators have been working to tackle suspected market abuse following the slide in shares since June.