2015-05-06

Zhang Yujun: Margin Shouldn't Exceed 4 Times Net Capital; Trusts Buy Equities

CSRC deputy chariman Zhang Yujung said securities firms' margin should not exceed four times net capital.

iFeng: 张育军:券商两融余额不得超公司前一月末净资本4倍

Trusts are still moving money into equities as the shadow banking market sees outflows:
China Trusts Fuel Rally With Record Rise in Equities Investment
China’s trust companies, part of the shadow-banking industry, boosted their investment in equities by a record 225 billion yuan ($36 billion) in the first quarter, adding fuel to the country’s stock-market rally.
About 777 billion yuan of high-yield trust products were invested in stocks at the end of March, more than double the 314 billion yuan a year earlier, according to data released by the China Trustee Association on Wednesday.

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