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.
Casino Mooted for Country Garden Malaysia Project and More Asia Real Estate
Headlines
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Malaysia’s prime minister is hoping to persuade some patriotic tycoons to
open a casino in Johor to revive an ill-fated Country Garden project, with
that...
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