Investors Allowed to Open Multiple Accounts for A-Share Trading

(Beijing) – China has allowed individual investors to open more than one trading account for Shanghai-listed shares, a change that analysts say will greatly strengthen competition between brokerage firms.

On April 13, individual investors were allowed to have up to 20 securities trading accounts at the same time, said the China Securities Depository and Clearing Corp. Ltd. (CSDC), which settles all transactions in the A-share market.