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Citic Securities, one of China's top brokerages, is in the headlines for the wrong reasons again after two of its top bankers went missing.
Citic Securities said on December 6 that its head of investment bank Chen Jun and head of international investment bank Yan Jianlian were not reachable. The broker did not give any explanation for their disappearances, although this is not the first time some of its bankers have gone missing in recent months.
In August, several of its bankers became unreachable and it was later revealed that the police had taken them in to assist with investigations into insider trading.
In response to the string of investigations, Citic Securities said that it has been seeking to identify loopholes in its operation, especially within newly established parts of its business.
The investigations were understood to have been triggered by the Chinese stock market crash in the summer. After peaking in June,...