China to probe new types of grey margin finance

Shanghai

CHINA'S securities regulator said it will investigate increasing incidence of new types of "grey market" margin finance in the stock market, according to a statement on its official micro blog account on Friday.

Grey margin finance, which allow speculators to borrow money to buy stocks outside of the usual channels through brokers, was a major contributor to China's equity market bubble in early 2015. The ensuing crash was triggered in part by a regulatory crackdown on such activities.