China trials short selling
As western countries vilify the practice of short selling, China agrees to allow more complex trading strategies.
The China Securities Regulatory Commission CSRC is to allow margin trading and short selling of A-shares on a trial basis. To begin with, only a small number of brokerages will be able to participate and it will only be possible to short a designated set of stocks. Although there is no firm timetable for when the measures will come into effect, people working in asset management believe it could be as soon as November.
The trial is part of a...
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