Tepid response to China’s new sec-lending scheme
The programme sees just 45 transactions on its first day, although it is still being viewed as an important step in helping the nation’s short-selling market to develop.
China’s newly launched securities lending programme, enabling fund managers to be more efficient when it comes to short-selling, has received a lukewarm response on its first two days.
Under the scheme, which started on February 28, 11 brokerages qualify to borrow stocks from institutional investors and lend them to clients, notes the China Securities Finance Corporation (CSFC), a state-owned agency that acts as intermediary between borrowers and lenders.
Yet the programme saw j…
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