China's securities regulator announced additional measures to curb short-selling activities in the country's stock market.
The China Securities Regulatory Commission (CSRC) would suspend brokerages from borrowing shares for lending and limit the size of securities re-lending businesses. I Photo: 維基小霸王 Wikimedia Commons
Reuters reported, that the China Securities Regulatory Commission (CSRC) would suspend brokerages from borrowing shares for lending and limit the size of securities re-lending businesses.
Additionally, the CSRC will ban securities lending to investors who sell stocks on the same day of purchase and crack down on illegal arbitrage using short-selling.
These measures come after the market experienced significant declines, prompting authorities to implement support measures amid concerns about the country's economy.
The CSRC emphasized "zero tolerance" against malicious short sellers, warning of severe consequences for violators, including potential legal action.
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