Chinese media (Caixin) with the report:
Financial authorities in Hunan, Liaoning, Xi’an, and Chongqing have announced the closure of local financial asset exchangesa bid to combat financial risks and illegal fundraising activitiesThe closure of the four exchanges marks the beginning of a broader clampdown, with existing financial asset exchanges nationwide expected gradually to cease operations, a person close to the regulatory body said
This article was written by Eamonn Sheridan at www.forexlive.com.