Info via Bloomberg
Restricting the short sale of stock is a short-term band-aid approach. It will provide some support for Chinese share markets though (as I say, short-term).
CITIC is the largest state-owned securities broker.
- Its stopped lending shares to individual investors
- Its raised margin requirements for institutional clients after “window guidance” from regulators
Shanghai Composite update:
Another step to prop up the market from China’s authorities.
Earlier in the week:
