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 are temporarily halting our short-selling business as we adjust our platform to meet the new requirements, Citic said in a statement.
Several smaller mainland brokers, such as Great Wall Securities...