Fanya to halt stock-financing business from August 28

The Fanya minor metals exchange will stop its stock-financing business and act only as a platform for spot trading after August 28, the bourse said on Tuesday August 25.

The bourse's statement cited “a request from [Yunnan provincial and Kunming municipal] government” for the decision.
Members' existing interests will be registered at the metals prices recorded at the close of the market on Friday August 28, and principals and yields of the interests will remain the same afterwards, the statement said.

The minor metals exchange has suspended daily...

Published

August 25, 2015

11:32 GMT

London