'Short-sighted' to cull crocodile spotted at Marina East without trying other options first, say some animal groups in Singapore
A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission building on the Financial Street in Beijing July 9, 2021. — Reuters picBEIJING, Oct 14 — China’s securities regulator today said it would restrict securities lending businesses and tighten scrutiny on improper regulatory arbitrage.
The statement from the China Securities Regulatory Commission announced that steps will be taken to strengthen management of securities lending and re-lending businesses, including higher margin requirements, and restricting lending of shares by strategic investors and senior management in newly listed companies.The rules come amid growing public outcries against short-selling activities amid a lagging stock market.
Senior management and key employees of Shandong Golden Empire Precision Machinery Technology Co lent their holdings to other investors for sale on the company’s debut in Shanghai, triggering public discontent and a regulatory probe into the activities. — Reuters