© Reuters. FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo
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SHANGHAI (Reuters) -China’s securities regulator said on Sunday that it will fully suspend the lending of restricted shares effective from Monday, in policymakers’ latest attempt to stabilise the country’s stock markets following recent sharp falls.
A string of supportive policies by Beijing including a deep cut to bank reserves helped lift Chinese stocks off 5-year lows early last week but they retreated again on Friday, reflecting deep investor pessimism over the outlook for markets and the shaky economy.
Analysts and investors say Beijing needs to roll out more support measures to revive consumer and business confidence and get activity back on a more solid footing.
Restricted shares are often offered to…
