Shanghai Stock Exchange to run test after transaction delay

Shanghai Stock Exchange to run test after transaction delay

China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay. Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary, … Read more

China tightens grip on stocks with net sale ban at open, close

China tightens grip on stocks with net sale ban at open, close

China has banned major institutional investors from reducing equity holdings at the open and close of each trading day, part of the government’s most forceful attempt yet to prop up the nation’s $8.6 trillion stock market. The order from China’s securities watchdog was recently delivered to major asset managers and the proprietary trading desks of … Read more