28 Jan Chinese regulators seek to restore calm in stock markets, bar investors from lending securities during restricted periods
Posted at 10:00h
in Asia
The announcement comes after mainland China’s stock markets recorded sharp drops this year. The Shanghai Composite Index, for example, closed trading at 2,756.34 on January 22, about 7.5 per cent lower than when it started the year at 2,962.28. On Friday, the index closed at 2,910.22.
Meanwhile, the Shenzhen Stock Exchange fell 9.8 per cent on January 22, when it ended the trading day at 8,479.55, compared with 9,401.35 at the start of the year. It closed Friday trading at 8,762.33.