Purchase orders end
Source: AP |
November 28, 2015, Saturday
|
Print Edition
Print Edition
CHINA has scrapped compulsory net purchase orders on securities traders to allow them to trade freely on market conditions, the top securities watchdog said yesterday.
The China Securities Regulatory Commission ordered securities traders to buy more stocks than they sold in July when markets experienced violent fluctuations.
The new move is considered a reflection of the regulator’s confidence in stock markets.
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