China asks hedge funds to restrict short selling of stock index futures: report

China asks hedge funds to restrict short selling of stock index futures: report

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

China’s securities regulators have asked some hedge fund managers to restrict short selling in the country’s stock index futures market, two sources said, as authorities seek to stabilise sinking stocks.