Arab Today, arab today china limits stock trading accounts over volatility
Last Updated : GMT 18:31:22
Arab Today, arab today
Arab Today, arab today

China limits stock trading accounts over volatility

Arab Today, arab today

Arab Today, arab today China limits stock trading accounts over volatility

Investigating institutions and individuals for programme trading
Shanghai - AFP

China's two stock exchanges have slapped trading limits on more than 20 accounts as the market regulator on Friday announced a crackdown on computerised "programme trading", which it blamed for recent volatility.

The moves are the latest steps by authorities to try to stem a market rout that saw the benchmark Shanghai Composite Index plunge more than 30 percent, raising worries over reforms and the possible impact on the wider economy.

The China Securities Regulatory Commission (CSRC) said it was investigating institutions and individuals for programme trading, which had amplified "big fluctuations" on the stock market, according to a statement on its website.

The practice typically involves automated transactions carried out by computer at high speed on a large number of stocks.

The Shanghai and Shenzhen exchanges had put limits on 24 accounts for influencing stock prices and investors' decisions, the CSRC statement added, without naming the account holders or detailing the restrictions.

The CSRC has already announced probes into "malicious" short-selling -- a bet prices will go lower -- and what it called "concentrated" selling, which caused an 8.48 percent plunge in the Shanghai market on Monday, the biggest one-day fall in eight years.

Other moves by authorities in the wake of the falls -- which began last month -- include banning shareholders with more than five percent stakes from selling stock and funding the state-backed China Securities Finance Corp. to buy shares.

Analysts say trading is likely to remain volatile with many expecting the benchmark Shanghai index to fall further.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china limits stock trading accounts over volatility Arab Today, arab today china limits stock trading accounts over volatility

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china limits stock trading accounts over volatility Arab Today, arab today china limits stock trading accounts over volatility

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday