Update on China market reforms: short-selling delayed

China is going to delay the expansion of short-selling.
China Signals Imminent Launch of Margin Trade Trial
China has signaled the imminent launch of a trial in which brokerages can borrow cash via a centralized intermediary to relend to their clients for margin trading, a widely expected move to inject funds into a sluggish domestic stock market.

But China has put on hold a plan to allow short selling--bets that stocks will fall in value--via the intermediary at a time when the markets have been under selling pressure, people familiar with the situation told Dow Jones Newswires on Tuesday.
Instead they will only allow buying pressure for now, which is bearish for the market. After an initial pop, should one even materialize, the subsequent decline will be even larger.

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