1 Min Read
SHANGHAI, Dec 22 (Reuters) - Chinese brokerage house Sealand Securities said on Thursday it was operating normally and liquidity risks were under control.
Sealand Securities said in a filing to the Shenzhen Stock Exchange that forged bond agreements involved in the latest scandal was no more than 16.5 billion yuan ($2.38 billion).
The remarks made by the brokerage came after it said on Tuesday that it was inspected by the country's top securities regulator.
Sealand Securities defaulted on a bond transaction with Bank of Langfang, in China's northern Hebei province, following the recent tumble in bond prices, local media reported.
$1 = 6.9466 Chinese yuan Reporting by Winni Zhou and David Stanway; Editing by Jacqueline Wong