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China's securities watchdog vows to crack down on illegal margin financing

SHANGHAI, April 30 (Reuters) - China will continue to show zero tolerance towards illegal margin financing done outside of brokerages and other systems permitted by regulators, the Securities Regulatory Commission said on Friday.

The securities watchdog said it would join forces with other departments including the Ministry of Public Security to quash the practice. (Reporting by Luoyan Liu and Josh Horwitz; editing by John Stonestreet)

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