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China improves short-selling mechanism ahead of tech board launch

SHANGHAI, June 21 (Reuters) - China's securities regulator on Friday published guidelines on mutual funds participating in the securities lending business, as part of efforts to improve China's short-selling mechanism.

Under the business, mutual funds can lend their share holdings, which will be used for short-selling.

The China Securities Regulatory Commission (CSRC) said the guidelines are designed to improve the securities lending mechanism ahead of the launch of Shanghai's Nasdaq-style tech board, the STAR Market. (Reporting by Samuel Shen and John Ruwitch Editing by Jacqueline Wong)