December 27, 2019 / 8:54 AM / a month ago

China publishes rules to provide liquidity support to brokerages

BEIJING (Reuters) - China published on Friday rules on liquidity support for securities investors protection fund.

The fund can be used in case of significant market fluctuations or major industry risks, the China Securities Regulatory Commission (CSRC) said in a statement.

The release of the regulations does not mean there are already major liquidity risks in China’s securities industry, the watchdog said.

In July, CSRC said it would allow brokerages incurring major liquidity risks to apply for support from investor protection funds in an effort to strengthen risk management.

Reporting by Luoyan Liu and Brenda Goh; editing by John Stonestreet

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