BLOOMBERG Asia Edge January 19, 2015
Had planned a share sale. The business had been booming prior to todays fall. What happened today, the Securities Regulator suspending three of these top brokerages from adding margin on it and securities lending. So basically, they cannot borrow money to buy into what had been a huge rally. A lot of people have been borrowing on margin. Basically suspended from doing that three months. Another nine brokerages punished for various reasons as well. There is speculation as to why they did this. Did they want to cool down the rally . Or are they just trying to make sure theyre playing by the rule...
Source: archive.org