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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