China gets on the warpath against short-selling

Shanghai

CHINA stepped up its crackdown on the short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation's major brokerages suspended their short-selling businesses.

China's stock exchanges and market watchdogs are cracking down on short-selling under a broad government-orchestrated effort to prevent a collapse in the country's markets, which have lost about 30 per cent of their value since peaking in June.