Chinese brokerages rallied after policy makers loosened controls on margin lending in the stock market.Time to consider tracking a currency adjusted index, just in case.
China Securities Finance Corp., the state-backed agency that provides funding to brokerages for margin trading, will restart offering loans to securities firms for periods ranging from 7 days to 182 days, according to a statement posted on its website Friday. The agency will cut interest rates on the debt to as low as 3 percent, it said. Everbright Securities Co. was among at least seven brokerages to jump by the 10 percent daily limit Monday.
Year Twenty Begins
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FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
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