Originally posted by DimPrawn
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Reply to: War on ‘malicious short-sellers’
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Previously on "War on ‘malicious short-sellers’"
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War on ‘malicious short-sellers’
At last!
China's securities watchdog probes automated trading as stocks slip again
Regulator has also stepped up scrutiny of traders and their clients, launching investigations of ‘share dumping’ and declaring war on ‘malicious short-sellers’
China’s securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilise the world’s second-largest economy.
China’s main share markets, both among the world’s five biggest exchanges, have lost about 30% of their value since mid-June, but authorities have been flailing in efforts over the past three weeks to prevent a further sell-off.
Fearing the turmoil could spill over into the wider economy, which had already been cooling, the ruling Communist party has enlisted the central bank, the state margin-lender, commercial banks, brokers, fund managers, insurers and pension funds to buy up shares, or help fund their purchase, to keep the Shanghai and Shenzhen markets afloat.
Source: China's securities watchdog probes automated trading as stocks slip again | World news | The Guardian
Time to give those dirty spekulants what they deserved!Tags: None
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