China bans OTC derivative lending for stock trades

Brokerages told to stop offering the products to investors for stock trading, the latest move to wind down leveraged financing in the country’s stock markets.
November 30, 2015

China’s securities regulator has ordered brokerages to stop offering financing to investors through total return swaps and other over-the-counter derivatives, the latest move to wind down margin financing in the country’s stock markets.

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