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New Rules for Chinese Stock Market Investors

Posted on September 28, 2008

The stock market bounced around again Friday before the SSE Composite closed trading at 2294, for a loss over the day of 0.2%. No one in the market seems to have a clear idea or much conviction. The real news, however, was the announcement that the State Council had approved the CSRC s plan to permit short selling and margin lending. The details aren t fully available, and I haven t been able to find, if it has been published, the marginable amount, but the regulators are betting that these new mechanisms are more likely to spur net buying than net selling, and so will provide supp...

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chinese , sse