China Removes Some Hot Money From Stock Market, Encourages Short Selling

Chinese have embraced capitalism more than their Western brethren, or so the saying goes. Rampant speculation in the stock market is a testimony to this claim.
China Removes Some Hot Money From Stock Market, Encourages Short Selling
A staff member counts money at a branch of the Bank of China. ChinaFotoPress/Getty Images
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Chinese have embraced capitalism more than its Western brethren, or so the saying goes. Rampant speculation in the stock market is a testament to this claim.

However, after a 33 percent rally in the Shanghai market so far this year, central planners decided things should not get out of hand, given 5.75 million new broker accounts were opened by mom and pop retail investors in Shanghai and Shenzhen during the month of March.

Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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