China's largest brokerage has placed restrictions on short sales

<p>Info via Bloomberg</p><p>Restricting the short sale of stock is a short-term band-aid approach. It will provide some support for Chinese share markets though (as I say, short-term).</p><p>CITIC is the largest state-owned securities broker.</p><ul><li>Its stopped lending shares to individual investors</li><li>Its raised margin requirements for institutional clients after "window guidance" from regulators</li></ul><p>Shanghai Composite update:</p><p>Another step to prop up the market from China's authorities. </p><p>Earlier in the week:</p><ul><li><a href="https://www.forexlive.com/news/chinas-sovereign-wealth-fund-says-it-will-help-with-market-stabilization-in-2024-20240116/" target="_blank" data-article-link="true">China's sovereign wealth fund says it will help with market stabilization in 2024</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.