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Chinese Government Takes Unexpected Step to Combat Financial Instability. đ¨đłđ
The China Securities Regulatory Commission (CSRC) has made a significant announcement, revealing its decision to suspend lending restricted shares starting January 29. This strategic move is a part of China's broader efforts to curb short-selling activities and bring stability to its stock market, which has been facing considerable turbulence.
Restricted shares, often subject to sale and transfer restrictions for corporate governance or employee compensation reasons, take center stage in this decision. The suspension aims to emphasize fairness, reduce securities lending efficiency, and ultimately foster a more equitable market order.
This is not the first step in China's campaign. In January, the country's largest brokerage ceased lending stocks to retail investors and increased margin requirements for institutional investors. Back in October, new rules were implemented for hedge funds, restricted shares lending, and heightened supervision of arbitrage activities.
China's stock market encountered hurdles in 2023, with the CSI 300 Index declining by 11%. Foreign investors, displaying reduced confidence, offloaded over 170 billion yuan worth of onshore stocks between July and November last year.
Short-selling, a financial strategy involving borrowing shares with the hope of a price decline, is at the center of China's regulatory focus. The aim is clear â to curb short-selling activities and stabilize the market amidst significant challenges.
Interestingly, despite market challenges, China is channeling significant investments into pilot projects for its central bank digital currency (CBDC) â the digital yuan. CBDC use cases extend to integrations with foreign banks and settling commodities transactions on Shanghai exchanges.
#China #BTC #etf #ETH #beijing
The China Securities Regulatory Commission (CSRC) has made a significant announcement, revealing its decision to suspend lending restricted shares starting January 29. This strategic move is a part of China's broader efforts to curb short-selling activities and bring stability to its stock market, which has been facing considerable turbulence.
Restricted shares, often subject to sale and transfer restrictions for corporate governance or employee compensation reasons, take center stage in this decision. The suspension aims to emphasize fairness, reduce securities lending efficiency, and ultimately foster a more equitable market order.
This is not the first step in China's campaign. In January, the country's largest brokerage ceased lending stocks to retail investors and increased margin requirements for institutional investors. Back in October, new rules were implemented for hedge funds, restricted shares lending, and heightened supervision of arbitrage activities.
China's stock market encountered hurdles in 2023, with the CSI 300 Index declining by 11%. Foreign investors, displaying reduced confidence, offloaded over 170 billion yuan worth of onshore stocks between July and November last year.
Short-selling, a financial strategy involving borrowing shares with the hope of a price decline, is at the center of China's regulatory focus. The aim is clear â to curb short-selling activities and stabilize the market amidst significant challenges.
Interestingly, despite market challenges, China is channeling significant investments into pilot projects for its central bank digital currency (CBDC) â the digital yuan. CBDC use cases extend to integrations with foreign banks and settling commodities transactions on Shanghai exchanges.
#China #BTC #etf #ETH #beijing
#TON
Booster Robotics' adorable little humanoids drew large crowds on the final day of the 2024 World #Robot Conference in #beijing .
#artificialintelligence đ¤
#DOGSONBINANCE
Booster Robotics' adorable little humanoids drew large crowds on the final day of the 2024 World #Robot Conference in #beijing .
#artificialintelligence đ¤
#DOGSONBINANCE
China raises retirement age for first time since 1978. đ¨đł
In response to demographic shifts and economic needs, China has implemented its first retirement age increase since 1978.
The policy raises the retirement age for men from 60 to 63. For women, the change is nuanced, with the retirement age increasing from 50 to 55 for blue-collar workers and from 55 to 58 for white-collar workers.
#China #beijing #retirement
In response to demographic shifts and economic needs, China has implemented its first retirement age increase since 1978.
The policy raises the retirement age for men from 60 to 63. For women, the change is nuanced, with the retirement age increasing from 50 to 55 for blue-collar workers and from 55 to 58 for white-collar workers.
#China #beijing #retirement
