China brokerages suspend short-selling

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

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222