China’s monetary authorities adopted a new series of severe measures aimed at stock market participants to tackle the malaise. These changes affected traders and investors using short-term trading strategies. From now on, it is more complicated to earn on fluctuations in market prices as largest China’s brokers ban traders from shorting equities.
It is another crucial move of China’s government to stem the stock market collapse. Recently, it slumped by almost 30%. Currently, Beijing sets a goal of winning investors’ trust in the equity market as a lot of local and foreign market participants have lost interest in China’s assets.
