Tuesday August 4 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://www.szse.cn/main/en/AboutSZSE/SZSENews/SZSENews/39756431.shtml
In a bid to further strengthen its risk management over margin trading and securities lending business and safeguard the normal market order, Shenzhen Stock Exchange has recently announced amendments to Clause 2.13 in the SZSE Implementing Rules for Margin Trading and Securities Lending (2015 version).
The amendments focus on the clauses in relation to the liabilities liquidation after investors sell out the borrowed securities. The amended rules state that investors are allowed to repay the borrowed securities, directly or indirectly, on the next trading day upon selling out, preventing intraday swing trading and abnormal price fluctuation thus caused.
Click on the link above for further details.