© Reuters. FILE PHOTO: A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo
BEIJING/SHANGHAI (Reuters) – China’s securities regulator said on Tuesday its would cap the size of securities refinancing business as part of further efforts to curb short-selling.
The watchdog will also ban securities lending to investors who sell stocks on the same day of purchase, and vowed to crack down on illegal securities lending practices.