You are here

Curb on loans a double blow for Citic Sec, Haitong Sec

The total amount of shares purchased on margin in China has surged more than 10-fold in the past two years to a record 1.1t yuan.


CHINA'S biggest brokerages are getting squeezed on two fronts as regulators curb loans to equity traders. Not only does the three-month ban on new margin-trading accounts at Citic Securities Co and Haitong Securities Co reduce their potential earnings from lending to clients, it

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom