Off the wire
• 6 children drown as 2 refugee boats sink off Turkish coast  • DPRK slams South Korean news agency for "smear campaign"  • China welcomes talks between DPRK, ROK  • 1st LD Writethru: India testfires nuclear-capable Agni I missile  • Two suspects in Mali hotel attack identified  • Roundup: Singapore stocks end down 0.89 pct  • Urgent: India successfully test-fires nuclear-capable Agni I missile  • 2 Israeli soldiers wounded, Palestinian killed, in another West Bank attack  • Russia strikes rebel-bound weapons on Syrian-Turkish border  • Major news items in leading German newspapers  
You are here: 　 Home

China scraps compulsary net purchase order on securities traders

Xinhua, November 27, 2015 Adjust font size:

China scrapped compulsory net purchase orders on securities traders to allow them trade freely on market conditions, the country's top securities watchdog said Friday.

China Securities Regulatory Commission (CSRC) ordered securities traders to buy more stocks than they sold in July when stock markets experienced violent fluctuations.

The move is considered a reflection of CSRC's confidence in the stock markets, which resumed IPOs earlier this month.

The regulator decided to enhance crackdown on illegal marginal financing activities via private equity and assets management products and suspended the highly leveraged behavior of dividend swap business.

The benchmark Shanghai Composite Index fell 5.48 percent to close at 3,436.3 points, the largest decline since August 24 as news broke of investigations into major brokerage houses triggered panic. Endit