There has been so far no massive position closing for umbrella trusts as the majority of clients supplemented their margins timely, the www.cnstock.com reported on Friday.
China Securities Journal reported on Friday by quoting an insider that off-exchange stock financing accounts opened when the Shanghai Composite Index stood at 5,000-point level have been basically closed along with continuous setbacks of the domestic stock market recently while over half of those opened around 4,500-point level have already touched the pre-warning line of position closing.
However, as trust companies and some private financing companies have earlier tightened their leverages and business activities, the leverage risks may be not as serious as expected by the market, said the insider.
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