"China Implements New Short-Selling Restrictions Amid Market Turmoil"
China's securities regulator announced new measures to curb short-selling, including suspending brokerages from borrowing shares for lending, capping the size of securities re-lending business, and banning securities lending to investors who sell stocks on the same day of purchase. The regulator also warned of "zero tolerance" against malicious short sellers and urged listed companies to bolster their value through share buybacks and other measures. These efforts come after the market plunged to five-year lows, and have led to a 24% drop in securities lending business.
