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China firms face margin call sell-off

They may be forced to sell US$12 billion in shares, dealing a further blow to battered stock markets
Saturday, January 30, 2016 - 05:50

Shanghai

CHINESE companies may be forced to sell at least US$12 billion in shares in coming weeks to meet margin calls, dealing a further blow to stock markets which have already seen some US$2 trillion in value wiped out so far this year.

Some companies that had pledged shares as