Five Things You Need to Know to Start Your Day: Asia
==========

China tightens trading restrictions on domestic institutional investors and some offshore units to stem the rout in stocks. Caps are imposed on some brokerages' cross-border total return swaps with clients, limiting a channel used by China-based investors to short Hong Kong stocks. Chinese brokers using the channel to buy mainland shares for their offshore units are told not to reduce their positions. Investors are withdrawing cash from US-listed ETFs tracking Chinese stocks.



https://www.bloomberg.com/news/newsletters/2024-02-05/five-things-you-need-to-know-to-start-your-day-asia