Sources: China’s securities regulator urged mutual fund managers not to sell shares unless .. – Reuters

Dhwani Mehta FXStreet

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.

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Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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