End of the Affair? China’s Love of Stock Leverage Is Waning
Chinese Stocks Fall in Volatile Trading, Extend Rout
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“Let women fall in love with managing wealth, let men borrow to invest in stocks,” says the recorded message at an online lending company in Shanghai. “For stock loans, press two.”
It’s a message that customers won’t hear for much longer after the firm pledged to fall into line with Chinese government efforts to limit online funding for stock purchases.