FX.co ★ US hedge fund suspected of slump in Chinese stock market

The China’s security regulator froze trading accounts linked to the brokerage unit of Citadel Securities, one of the US largest hedge funds, Reuters announced with reference to the company’s officials.
According to the news agency, China’s Securities Regulatory Commission suspects the US investors of involvement in the recent slump in the stock market. Chinese stocks fell about one-third in value over the past month and a half. China’s authorities expressed concern about the investigated number of so-called “short positions” (sell orders) opened by Citadel Securities.
"Citadel has been actively investing in the region for 15 years, and has always maintained a constructive dialogue with regulators, including during the recent market volatility," a company statement said.