Regulator Said to Hear Ways to Rein in Borrowed Money for Stock Buys

(Beijing) – The securities regulator recently met with representatives of bourses and major brokerage firms to gather opinions on how to manage the risk of leveraged stock purchases – a meeting that was held as the market continued to fall from a seven-year high.

Sources who attended the meeting on May 6 told Caixin that Nie Qingping, general manager of China Securities Finance Corp. Ltd., said the China Securities Regulatory Commission (CSRC) could cap the amount of money securities firms can lend to clients for margin trading.