"China's Stock Market Turmoil: Short-Selling Suspended as $6.3 Trillion Selloff Continues"

CITIC Securities, China's largest brokerage, has suspended short-selling for some clients amid significant losses in local stock markets. The Chinese government has been taking measures to limit short-selling and support local stocks, including instructing state-owned brokerages to buy exchange-traded funds. However, state-owned asset managers may have limited capacity to continue supporting the markets, as evidenced by recent downgrades in their ratings. Chinese markets have been struggling with heavy losses and weak economic data, leading to calls for targeted fiscal measures to improve sentiment and support the economy.