China Securities Regulatory Commission said on Monday that securities companies should strictly implement the appropriate management of brokerage business and margin trading customers, and strengthen the monitoring of abnormal transactions.
Asked by reporters about the recent rise in OTC allocation reflected in the market, which may increase the risk of investors trading, a spokesman for the Securities Regulatory Commission said, "We note that recent reports on OTC allocation have increased. In this regard, I will pay close attention to and guide relevant parties to strengthen the supervision of the whole process of transactions in accordance with the law. Securities companies should strictly implement the appropriate management of brokerage business and margin trading customers, strengthen the monitoring of abnormal transactions, and earnestly do a good job of technical system security protection. At the same time, we also hope that the majority of investors invest rationally and guard against investment risks.
Sino-US trade disputes have obviously eased and boosted market sentiment. Asian stock markets hit a five-month high on Monday; the Shanghai Composite Index. SSEC was particularly impressive, closing up 5.6%, the biggest one-day gain in more than three years.
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