China's security watchdog has urged stock exchanges and security companies to execute well their trial programs of margin-trading and short-selling. The programs are set to be a big pie for stock brokers in 2009.
China'ssecuritywatchdoghasurgedstockexchangesandsecurity
companiestoexecutewelltheirtrialprogramsofmargin-trading
andshort-selling.
The new trading measures would allow investors to borrow money to buy stocks in the hope that prices will rise, and also to sell borrowed stocks in the hope that prices will fall. The securities watchdog believes that allowing these practices will help bolster share prices and inject vitality into the market. 11 major brokerages in China have been carrying out two pilot programs since last October. They are now waiting for further instructions to put their findings into practice.
Click for more news in Biz China>>
Posts
No comments:
Post a Comment