corporate

Chinese regulator to suspend securities relending to curb short selling

BEIJING: China will suspend new securities relending business and wind down existing contacts in an effort to futher curb short selling, the China Securities Regulatory Commission said in a statement on Wednesday.

The securities regulator will further raise margin requirements for short-selling activities from a minimum of 80 per cent to 100 per cent, it said, adding that hedge funds are subject to higher requirements.

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