Chinese traders at a brokerage in Beijing on Wednesday, February 27, 2019. Photo: AP
Shenzhen margin financier’s 5-for-1 funding goes some way to explain why a sense of deja vu is filling China’s stock market rally
- Margin financing by private lending firms fuels leveraged trading as A share index rallied to its biggest one-day percentage jump in three years
- China’s regulator cracks down on regulated margin financing after 2015 stock rout, but private lending is hard to trace, analysts say
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Stocks
Chinese traders at a brokerage in Beijing on Wednesday, February 27, 2019. Photo: AP