Borrowing stocks and re-lending
By Feng Jianmin |
August 28, 2012, Tuesday
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Print Edition
Print Edition
CHINA will allow brokerages to borrow stocks and re-lend to their clients from today, as part of efforts to expand short selling and margin trading program.
The Shanghai and Shenzhen stock exchanges yesterday issued rules on the business. China launched its first margin trading and short selling program in 2010, permitting brokerages to lend their own stocks or money to clients.
The Shanghai and Shenzhen stock exchanges yesterday issued rules on the business. China launched its first margin trading and short selling program in 2010, permitting brokerages to lend their own stocks or money to clients.
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