China regulator unveils more curbs on short-selling

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

BEIJING/SHANGHAI: China's securities regulator said on Tuesday it would suspend brokerages from borrowing shares for lending and cap the size of so-called securities refinancing, 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 arbitrage using short-selling.