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Economic news

Chinese regulator to suspend securities relending to curb short selling

07/10/2024

Less than a minute

2024.07.10 08:08

© Reuters. FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

BEIJING (Reuters) – China will suspend new securities relending business and wind down existing contacts in an effort to futher curb short selling, the China Securities Regulatory Commission said in a statement on Wednesday.

The securities regulator will further raise margin requirements for short-selling activities from a minimum of 80% to 100%, it said, adding that hedge funds are subject to higher requirements.

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07/10/2024

Less than a minute