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Beijing is curbing access to overseas securities for Chinese retail investors, the Financial Times reports.
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Domestic markets have suffered massive outflows as domestic traders flee to offshore securities.
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About a third of funds that invest in foreign stocks and bonds either limited or suspended sales.
Beijing authorities are barring how much access domestic traders have to offshore markets, in an attempt to breathe life into China’s sputtering stocks.
Around 30% of funds that offer investments in foreign securities have either paused or limited sales to retail investors, as some brokerages received informal directives to do so from the Shanghai Stock Exchange, The Financial Times said.
Participants include companies such as China Asset Management and Bosera Asset Management. The former suspended…
