Head of China Research - Forsyth Barr Asia, Forsyth Barr Asia

David Millhouse

Head of China Research - Forsyth Barr Asia

Forsyth Barr Asia

Thematic (Sector/Industry)

China markets sold off last week, post news <span style='font: small/normal Arial, "BB.Proportional"; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; float: none; display: inline !important; white-space: pre-wrap; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;'>China’s securities regulator plans to start a new round of checks on the margin-lending businesses of brokerages. <span style='font: small/normal Arial, "BB.Proportional"; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; float: none; display: inline !important; white-space: pre-wrap; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;'>Despite the crackdown on 3 brokers earlier in the year, the outstanding balance of margin debt on the Shanghai Stock Exchange has climbed to a new record. <span style='font: small/normal Arial, "BB.Proportional"; color: rgb(0, 0, 0); text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; float: none; display: inline !important; white-space: pre-wrap; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;'>We are concerned that further crackdowns on margin trading on the A-share will be required near term, in particular on umbrella trusts.

China markets sold off last week, post news China’s securities regulator plans to start a new round of checks on the margin-lending businesses of brokerages. Despite the crackdown on 3 brokers earlier in the year, the outstanding balance of margin debt on the Shanghai Stock Exchange has climbed to a new record. We are concerned that further crackdowns on margin trading on the A-share will be required near term, in particular on umbrella trusts.  

CHINA MARKET: Growing risks of regulatory intervention on leverage 

Hong Kong

Dah Sing Banking Group Limited, through its subsidiaries, provides personal banking, commercial banking, and treasury services.  The Group's operations are primarily based in Hong Kong.

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Dah Sing Banking (2356 HK)

CHINA MARKET: Growing risks of regulatory intervention on leverage

China markets sold off last week, post news China’s securities regulator plans to start a new round of checks on the margin-lending businesses of...

David Millhouse

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52-week Range

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