China lifts restriction on broker share sales

China has scrapped a five-month rule requiring brokerages to hold daily net long positions in their proprietary trading accounts as the country's shares continue to stabilise.

China lifts restriction on broker share sales

China has scrapped a five-month rule requiring brokerages to hold daily net long positions in their proprietary trading accounts, according to an official document seen by FinanceAsia, providing further proof that the country’s stock markets are stabilising.

As part of its efforts to stem the sharp summer selloff in shares, the China Securities Regulatory Commission imposed a curb on domestic brokerages, requiring them to buy more shares than they sold in...

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