China moves to limit short selling as virus looms over market reopening
Zhang Yan, Ryan Woo, 02 February 2020
China has taken steps to limit short-selling activities as the country’s financial markets prepare to reopen on Monday amid an outbreak of a new coronavirus, three sources with direct knowledge of the matter told Reuters.
The sources said China Securities Regulatory Commission (CSRC) had issued a verbal directive to brokerages including Citic Securities Co. and China International Capital Corp. to bar their clients from selling borrowed stocks on Feb. 3. It was not clear if the suspension — which was first reported on Sunday by Chinese media outlet 21st Century Business Herald — would be extended beyond Monday, one of the sources said. Continue reading “Article: China moves to limit short selling as virus looms over market reopening”
