Reuters: China regulators lift stock net-selling ban for mutual funds

China’s securities regulator is allowing mutual fund managers to sell more shares than they buy each day, three sources said, removing a ban introduced late last year aimed at propping up a flagging stock market.

The China Securities Regulatory Commission (CSRC) late last year barred major mutual fund companies from selling shares on a net basis on any day, answering top leadership calls to stabilize a market that was among the world’s worst performers.

CSRC didn’t immediately respond to a request for comment. One source directly aware of the change suspected the policy shift was partly due to growing redemption pressures on funds.

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