China brokerages suspend short-selling

After China's two main stock exchanges ban intraday short-selling, Citic and Huatai voluntarily suspend the practice altogether.

China brokerages suspend short-selling

Several Chinese securities houses, including Citic Securities, the country’s largest broker by assets, have voluntarily suspended short-selling of stocks after China's securities regulator moved to clamp down on the practice.

On Tuesday, Citic and Huatai Securities issued separate statements saying they would temporarily discontinue short-selling services. Huatai is the country's fourth largest broker by assets.

“In order to comply with urgent changes in stock exchange rules ... as of today we...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition