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China’s Tomorrow Holdings slams seizure of its financial firms

China’s Tomorrow Holdings slams seizure of its financial firms

Chinese conglomerate Tomorrow Holdings Co on Saturday lashed out at a move by regulators to seize nine of its affiliated financial firms, in rare public criticism that was quickly removed from its social media account. The statement came a day after Chinese financial regulators announced that they had taken over for one year the brokerages, trust companies and insurers linked to Tomorrow Holdings

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