China has moved to officially limit short selling after informal efforts failed to stop a worsening stock market sell-off.
Investors who buy shares will not be allowed to lend them out for short selling within an agreed lock-up period, the Shenzhen and Shanghai bourses said on Sunday.
The measures, which will come into effect from Monday, are designed to “create a fairer market order”, the China Securities Regulatory Commission said. Further limitations on securities lending will be introduced from March 18, the regulator added.
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