China escalates crackdown on short-selling with stringent measures ...Middle East

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China escalates crackdown on short-selling with stringent measures
In a move to curb short-selling, China’s securities regulator announced on Tuesday a series of stringent measures, including the suspension of brokerages from borrowing shares for lending and imposing a cap on the size of securities re-lending businesses. This is based on a Reuters report. The China Securities Regulatory Commission (CSRC) is also set to prohibit securities lending to investors who sell stocks on the same day of purchase and has pledged to crack down on illegal arbitrage involving short-selling. These steps come in the wake of a recent market downturn, prompting Chinese authorities to implement various measures to bolster share prices and restore confidence in the e

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