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China moves to limit short selling to ease market panic over coronavirus

China Securities Regulatory Commission (CSRC) has issued a verbal directive to brokerages to bar their clients from selling borrowed stocks on February 3

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Coronavirus | China stock market | Markets

Reuters 

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 February 3. It was not clear if the suspension -- which was first reported on Sunday by Chinese media outlet 21st Century Business ...

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First Published: Mon, February 03 2020. 07:54 IST
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