Aug
03
Chinese Brokers Halt Short Selling as Regulators Tighten Rules
BySome Chinese brokerages have halted their short-selling businesses after the nation’s regulators tightened rules to freeze outDAY TRADERS in a fresh bid to arrest a stock-market plunge.
Citic Securities Co., China’s largest brokerage by revenue, is among firms that temporarily stopped short selling by clients after the Shanghai and Shenzhen exchanges unveiled a new measure requiring investors who borrow shares to wait one day to repay the loans…
Chinese Brokers Halt Short Selling as Regulators Tighten Rules