Reuters: Money News: China punishes two brokerages in IPO fraud crackdown

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China punishes two brokerages in IPO fraud crackdown Jun 1st 2013, 03:32 BEIJING (Reuters) - China's securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing's determination to bring credibility to a stock market some have likened to a casino.

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