On 24 January 2024, Reuters reported that China's securities regulator the China Securities Regulatory Commission has asked several hedge funds to restrict short selling of stock index futures.
- Request by CSRC is part of its wider plans to stabilize the country's declining stock markets
- China's blue-chip CSI300 Index fell to near five-year lows this week
- One hedge fund manager received calls from China Financial Futures Exchange cautioning against reckless short selling, especially ‘naked’ short selling
- Another hedge fund source said the exchange had informally asked his firm not to engage in short selling for speculative purposes