BEIJING (Reuters) - China's securities regulator said on Saturday it would restrict securities lending businesses and tighten scrutiny over inappropriate regulatory arbitrage.
The statement from the China Securities Regulatory Commission announced that measures will be taken to strengthen the management of securities lending and lending businesses, including higher margin requirements and restricting stock lending by strategic investors and senior managers. in newly listed companies.
The rules come amid growing public protests against short-selling activities amid a lagging stock market. There have also been calls to restrict securities lending by strategic shareholders in newly listed companies.
Senior managers and key employees of Shandong Golden Empire Precision Machinery Technology Co.(603270.SS) They lent their stakes to other investors for sale at the company's debut in Shanghai, sparking public discontent and a regulatory investigation into the activities.
Reporting by Joe Cash and Sam Shen; Lincoln Feast Edition
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