China Tightens Securities Lending Rule to Support Stock Market
- Regulator to suspend lending of some securities from Monday
- Limited impact expected on stabilizing markets: Forsyth Barr
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China will halt the lending of certain shares for short selling from Monday, the securities regulator announced Sunday, in a move to support the country’s slumping stock markets.
Strategic investors won’t be allowed to lend out shares during agreed lock-up periods, the Shanghai Stock Exchange and Shenzhen Stock Exchange said in separate releases following the China Securities Regulatory Commission’s statement.