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Chinese premier seeks to quell global markets' China fears

DALIAN, China/SHANGHAI (Reuters) – China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check. “The government took measures to stabilize the market and prevent risks from spreading, we have forced out the possibility of any systemic risks,”

Exclusive – HK securities watchdog probes brokers, hedge funds over China investment products

The Hong Kong securities watchdog is investigating whether brokers and hedge funds in the financial centre violated their operating licences in creating and trading China investment products, three people with direct knowledge of the matter said. The investigation began about two weeks ago and is focussed on how international brokers and Hong Kong subsidiaries of Chinese brokers used more than $100 billion (65.1 billion pounds) in China investment quotas to