www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

CSRC may limit securities accounts

By Li Tao (China Daily) Updated: 2016-09-14 08:07

CSRC may limit securities accounts

A jogger runs on the Bund after a rain with the skyline of skyscrapers and high-rise buildings in Shanghai. [Photo/IC]

Speculators reportedly use fake names for margin trading

China will soon allow individual investors to open no more than three stock trading accounts for Shanghai-listed shares, after detecting growing new accounts with fake identities in recent months, according to well-connected industry sources.

The China Securities Regulatory Commission is expected to announce the rule change after the upcoming Mid-Autumn Festival (Sept 15-17), said a source close to the securities watchdog.

But, individuals who have already opened more than three accounts prior to the new ruling will not be affected, the source said.

The CSRC did not respond to a query sent by the China Daily on Tuesday.

China Securities Depository and Clearing Corp Ltd-a subsidiary of CSRC that settles all transactions in the A-share market-lifted a 17-year-old ban in April last year, allowing individual investors to open up to 20 securities trading accounts simultaneously to trade in Shanghai-listed shares.

Previously, an individual investor was permitted to have one only account at a time. The relaxation facilitated those who wish to have separate securities accounts in various securities firms.

However, the Chinese securities regulator found recently that a number of new registrations are likely to be false after a few securities firms began heavy marketing activities to encourage investors to open securities accounts.

"Many correspondence addresses used for newly opened accounts in a securities firm were found to be the same," according to the source.

The new curb would take its toll on mainland's brokerage firms, putting them on course to brace for an elevated competition vying for clients and suffer from further reduction in commissions, said Hannah Li Wai-han, a strategist at UOB Kay Hian Hong Kong, adding that it sends out a clear signal that mainland's securities regulator is looking to tighten its grip on market participants.

"From the perspective of individual investors, the new rule could also deal a blow to margin trading. They are left with a limited number of brokers to borrow money from for stock purchases," Li told China Daily.

Market data suggested that newly opened securities accounts on the Chinese mainland exceeded two million in August amid a lukewarm stock market performance during the month.

Luo Weiteng, Duan Ting and Li Xiang contributed to this story.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人欧美日韩高清不卡 | 成人网18免费软件 | 日韩一区二区三区不卡视频 | www.99热| 欧美国产亚洲一区 | 香蕉久久一区二区不卡无毒影院 | 久操精品视频 | 在线观看人成午夜影片 | 亚洲最大的视频网站 | 精品国产一区二区三区成人 | 亚洲视频中文 | 欧美一级毛级毛片 | 不卡一区二区在线观看 | 欧美一级片免费观看 | 九九精品久久久久久噜噜 | 日韩日b视频 | 久久亚洲人成国产精品 | 日本一级毛片中文字幕 | 亚洲日本欧美在线 | 毛片免费的 | 99精品99| 免费观看成人久久网免费观看 | 欧美日韩一日韩一线不卡 | 伊人久久大香线焦综合四虎 | 国产真人毛片一级视频 | www.日本在线观看 | 一级毛片免费不卡夜夜欢 | 黄色影院在线观看视频 | 国产成人成人一区二区 | 九九福利视频 | 日韩黄在线观看免费视频 | 国产猛烈无遮掩视频免费网站男女 | 伊人天堂在线 | 全部免费毛片免费播放 | 日韩欧美一级 | 国产五区 | 亚洲深夜| 精品在线一区二区 | 一区二区三区免费视频观看 | 亚洲精品一区二区三区在线观看 | 日韩欧美在线一级一中文字暮 |