Chinese equities slumped as the government sought to curb margin lending. The CSI 300 plummeted -7.7%, the biggest single session fall in 6-years. The China Securities Regulatory Commission said last Friday it had banned Citic Securities, Haitong Securities and Guotai Junan Securities from opening new margin trading accounts for 3 months, following investigations into high-risk margin trading.
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China Curbs Margin Lending while GDP Growth Missed Target
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