29 Apr 2015
Shanghai falls again as CSRC warns on margin trading risks – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team provides an update regarding the key developments in the Chinese equity space.
Key Quotes
“Shanghai Composite traded down by over 1.6% in the morning session but came well off those lows. Among the key developments on the mainland attributed to the decline, CSRC issued a warning to retail investors about the risks of equity investment, calling for a "slow and healthy" bull market. CSRC also warned against excessive margin trading, just as Citic announced it will stop accepting hundreds of securities as collateral for margin. Note this also marks the 8th instance that CSRC has warned on market risks.”
Key Quotes
“Shanghai Composite traded down by over 1.6% in the morning session but came well off those lows. Among the key developments on the mainland attributed to the decline, CSRC issued a warning to retail investors about the risks of equity investment, calling for a "slow and healthy" bull market. CSRC also warned against excessive margin trading, just as Citic announced it will stop accepting hundreds of securities as collateral for margin. Note this also marks the 8th instance that CSRC has warned on market risks.”