Aug
03

Chinese Brokers Halt Short Selling as Regulators Tighten Rules

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Some 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

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