“In China, you can now literally bet the house on the nation’s tumultuous stock market. Under new rules announced Wednesday by the country’s securities regulator, real estate has become an acceptable form of collateral for Chinese margin traders, who borrow money from securities firms to amplify their wagers on equities. That means if share prices fall enough, individual investors who pledge their homes could be at risk of losing them to a broker. The rule change was intended to help revive confidence in China’s $7.3 trillion stock market, down almost 30 percent in less than three weeks. Accepting real estate as collateral would tether brokerages to another troubled sector of the economy.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Breakable, Barterable Bullion: The Gold Bar You Can Carry In Your Wallet And Use As Money
British prime minister: We’re not considering regime change in Syria
Zurich Mayor Renounces U.S. Citizenship Amid Tighter Tax Rules
Justin Amash amendment to defund the NSA may be circumvented by House leadership
U.S. Risks National Blackout From Knockout Of Nine Power Stations
Russia Today's Editor-In-Chief: 'The West Never Got Over the Cold War Stereotype'
Contagion Spreads in Emerging Markets as Crises Grow
Indian gold smugglers take body route to outwit customs
Pot vaporizer boom leads to secret stoners
8-child family defies China’s one-child policy
Yemen: a catastrophe that shames Britain
Argentina to receive $1 bln loan from Goldman Sachs, says newspaper
Watson supercomputer’s next feat? Taking on cancer
Curiously, Cuba substitutes private property for communism in its new constitution
Russia diverts pension savings to plug budget hole for second year