Curbs placed on in­tra­day short-selling

China Daily (Canada) - - FRONT PAGE -

Chi­nese se­cu­ri­ties reg­u­la­tors placed curbs on in­tra­day short sellers in a move aimed at fur­ther sta­bi­liz­ing the world’s sec­ond-largest eq­uity mar­ket.

In­vestors who sell bor­rowed shares must wait one day to pay back their po­si­tions, ac­cord­ing to state­ments from the Shang­hai and Shen­zhen stock ex­changes..

The reg­u­la­tory move pre­vents in­vestors from selling and buy­ing back stocks on the same day, a prac­tice that may “am­plify ab­nor­mal fluc­tu­a­tion in stock prices and af­fect mar­ket sta­bil­ity,” said the Shen­zhen bourse on its of­fi­cial mi­croblog.

China al­ready bans in­vestors who buy shares from selling them un­til the next day and now such in­tra­day trad­ing re­stric­tions have been ex­panded to short sellers.

Se­cu­ri­ties watch­dogs have un­veiled a string of poli­cies to shore up the mar­ket, as the bench­mark Shang­hai in­dex fell 30 per­cent from its June 12 peak.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.