Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

China says ok to short selling

27 Sept 2008Deepak Shenoy1 min read

Quick Facts

What is "China says ok to short selling" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 27 September 2008.
How long does this article take to read?: 1 min read
What topics does this article cover?: China, Crisis 2008

From Bloomberg: China allows short selling:

China’s cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop Asia’s second-largest market after prices and trading volumes slumped, an official familiar with the plan said.

…

China’s action contrasts with regulators in the U.S., Europe and Australia that have banned short selling in the past week to shore up financial shares battered by the global credit squeeze. China’s government is betting the changes will boost trading without spurring further declines after state share buybacks helped the CSI 300 Index rebound from a two-year low.

This is why this might actually end up being China’s century. It’s time to lead, not follow.