Per Bloomberg
China’s Biggest Brokerage Restricts Short Sales After Stock Rout
- Citic Securities suspended securities borrowing for investors
- China stocks heading toward worst start to a year since 2016
China’s largest brokerage has suspended short selling for some clients in mainland markets amid a deepening rout in the nation’s stocks, according to people familiar with the matter.
State-owned Citic Securities Co. has stopped lending stocks to individual investors and raised the requirements for institutional clients earlier this week after so-called window guidance from regulators, said the people, asking not be identified discussing a private matter.
Citic Securities didn’t respond to a request for comment.
More Shorting headed ASX way!!
Per BloombergChina’s Biggest Brokerage Restricts Short Sales...
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