Money - International
First-ever margin trading and securities lending deals by foreign QFII investors completed in China
The Guotai Junan Securities brokerage in Shanghai u00e2u20acu201d Image courtesy of gtja.com

SHANGHAI, Dec 29 — The first-ever margin trading and securities lending deals by qualified foreign institutional investors (QFII) in China's mainland stock market have been completed, brokerage Guotai Junan Securities said today.

Guotai Junan, which facilitated the transactions, said foreign participation in China's margin financing and securities borrowing and lending business will help improve the long-short balance of China's stock market and increase market activity.

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The announcement came after China expanded QFII's investment scope in September. — Reuters

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