China halts restricted shares lending amid market turbulence
The China Securities Regulatory Commission (CSRC) is suspending the lending of restricted shares in an effort to curb short-selling.
The Chinese securities regulator has announced another move to limit short-selling activities amid stock market turbulence.
The China Securities Regulatory Commission (CSRC) reportedly announced on its WeChat account that it will suspend the lending of restricted shares starting Jan. 29.
Restricted shares are subject to certain sale and transfer restrictions. These restrictions are often imposed for corporate governance policies or as part of an employee compensation plan, therefore limiting their sale. However, it can be lent for traders engaging in derivatives contracts, including short-selling.
...