Brokerages told to stop offering the products to investors for stock trading, the latest move to wind down leveraged financing in the country’s stock markets.
Chinese brokerage likely to offer the same large discount as GF Securities to ensure flotation's success in the face of a long pipeline of equity deals from the sector.
Chinese regulators have punished brokers and tightened rules on margin trading. This shouldn't hurt them in the short term but longer term might be different.