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China gets on the warpath against short-selling
Some of the nation's major brokerages have suspended their short-selling businesses as new rules take effect
Fund managers say the drive against shorting is really a crackdown on strategies in risk-management; by denying investors tools with which to hedge their share holdings, the authorities inadvertently encourage them to sell these stocks, exacerbating volatility.
PHOTO: REUTERS
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...
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