China tightens grip on institutional investors with net sale ban at open and close
The ban represents a notable tightening of the government’s grip on market activity that risks upending popular strategies used by hedge funds and other institutional investors.
By Bloomberg News
China has banned major institutional investors from reducing equity holdings at the open and close of each trading day, part of the government’s most forceful attempt yet to prop up the nation’s USD 8.6trn stock market.
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