It’s not an outright ban on short selling, but new rules make it very difficult for day traders in China to sell short. At International Business Times:
The country’s two biggest stock exchanges . . . said that investors who borrow shares must now wait one day to pay back the loans, preventing them from selling and buying back stocks on the same day . . .
The IBT story:
CNBC talked to two analysts about the implications of this move, and they agreed it will add to the confusion.
The short-selling restrictions led to a modest gain in stocks today, and more rule changes are sure to follow as China continues efforts to stabilize its stock market.