
What’s new: The minimum ratio of funds that brokerages and other participants in stock-related activities must set aside in their cash settlement accounts will be cut to an average of around 13% from 16% starting from October, China Securities Depository and Clearing Corp. Ltd. (CSDC) announced Thursday.
The move is aimed at improving the efficiency of funds used in the market, according to the CSDC, which is overseen by the China Securities Regulatory Commission and is a settlement services provider for securities.