Reported about 10 hours ago
China's commercial banks are intensifying scrutiny of credit card usage for stock investments as retail investors enter the $1 trillion market rally. Institutions like China Minsheng and Huaxia Bank have warned that using credit card funds for trading is prohibited, citing the potential risks of high-cost, short-term debts leading to market instability. These measures reflect concerns over speculative trading and the overarching aim to maintain financial stability in the wake of rapid market fluctuations.
Source: YAHOO