China’s stock market overheats on $322 billion in loans

Chinese investors borrowed about $322 billion to buy stocks this year, which pushed indexes up, but this week’s drop and tougher signals from regulators have shaken confidence. Outstanding margin financing reached a record 2. 3 trillion yuan ($321. 55 billion) this week. Some traders also routed consumer credit into brokerage accounts. That wave of liquidity helped push […] source: https://www.cryptopolitan.com/chinas-stock-market-overheats/