Beijing’s brokerage probe to stop ‘leakage’, Paul Chan tells Davos Dalian event (opens original article in a new tab)

Beijing's probe of brokerages aims to prevent foreign exchange leakage and protect retail investors, according to Hong Kong's finance chief.

• Beijing investigates three brokerages over foreign exchange 'leakage' concerns
• Hong Kong's finance chief says Beijing supports Hong Kong's financial center role but needs to manage capital outflows
• Mainland China has more retail investors compared to Hong Kong's institutional investors