Valérie Noël
"China’s Biggest Brokerage Restricts Short Sales After Stock Rout
China’s largest brokerage has suspended short selling for some clients in mainland markets according to people familiar with the matter. State-owned Citic Securities Co. has stopped lending stocks to individual investors and raised the requirements for institutional clients earlier this week after so-called window guidance from regulators, said the people, asking not be identified discussing a private matter. Citic Securities didn’t respond to a request for comment. Beijing has a history of limiting short selling at times of market volatility, with an aim to avert a downward spiral in stocks. As recently as October, regulators tightened rules on short selling to halt decline."
source : bloomberg
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