May 31, 2018 (China Knowledge) - The Securities and Futures Commission (SFC) of Hong Kong intend to cap the amount of equity financing for each brokerage, in line with Mainland China's emphasis on financial security.
In recent years, the scale of stock financing by Chinese securities brokers has grown rapidly. The current daily turnover of USD 100 bln may not be able to bear the huge volume of the stock and can cause serious selling pressure if financing collateral are sold into the market.
Copyright © 2018 www.chinaknowledge.com
Send feedback or comments to: email@example.com
For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: www.chinaknowledge.com
To access our page on Bloomberg, type CKFI