Sources: China’s securities regulator urged mutual fund managers not to sell shares unless .. – Reuters
|The China Securities Regulatory Commission, China’s securities regulator, urged mutual fund managers not to sell shares unless they face investor redemption, cited some sources as quoted by Reuters on Monday.
Sources reported on Sunday that China Securities Regulatory Commission (CSRC) had issued a verbal directive to brokerages including Citic Securities Co. and China International Capital Corp. to bar their clients from selling borrowed stocks on Feb. 3.
- China stocks nosedive 9%, drag rest of Asia lower
- China’s NHC: Coronavirus death toll rises to 361, confirmed cases 17,205
- PBOC Adviser Ma: The chance of a rate cut on Feb 20 has increased significantly
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