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The outstanding value of stocks shorted stocks has fallen to US$7.2 billion, the lowest since July 2020. China’s policymakers have responded with a slew of measures to boost confidence in the nation’s stock market.
China has long been lenient with respect to companies listed on the stock market to protect state-controlled listed entities but the delistings tally is rising as authorities seek to restore investor confidence after a market sell-off.
China’s initial public offering (IPO) volume has slumped 70 per cent from a year ago after the securities regulator pledged in late August to bolster the sluggish stock market by restricting approvals and slowing down the pace of new-share offerings.