Date
18 November 2018

Margin trades, short selling hit new highs, paper says

Outstanding margin trading and short selling by securities brokers have broken through the 300 billion yuan (US$48.86 billion) mark after the securities regulator expanded the stock pool for such transactions, the 21st Century Business Herald reported Wednesday, citing data from the Shanghai and Shenzhen bourses. The lowered threshold for investors also pushed up the transactions, the paper said. Margin trading still dominates the program, and some firms are cashing in stocks under their proprietary trading accounts to help fund growing demand from investors, according to the report.

– Contact HKEJ at [email protected]

KZ/AC/SK

 

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