Date
22 September 2017

Monday launch for new refinancing business test run, paper says

More than 50 securities companies will be part of a pilot project to let securities companies borrow funds from securities finance companies to operate margin trading and short selling businesses, the Shanghai Securities News reported Thursday. The trial run starts Monday and is organized by China Securities Finance Corp. Ltd., the report said. Some 83 securities companies are qualified to do this kind of refinancing business in China, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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