China Should Curb Short Sales, Former Regulator Says
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China should restrict short selling in its stock market, which has slumped almost 70 percent this year, said Zhou Zhengqing, a former China Securities Regulatory Commission chairman.
The country should set up a stock market intervention fund, he said at a forum in Beijing today, as the local market may face sharp declines without government action. He called the plunge ``irrational'' and said China should use various plans to stabilize the market, including injecting cash.