China stocks rise sharply despite PBOC unease over margin trading

April 16, 2015 4:57 AM

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SHANGHAI, April 16 (Reuters) - China stocks rose sharply on Thursday, erasing early losses, as the red-hot market brushed off the authorities' unease over the levels of margin trading in a market that has jumped 27 percent this year.

The Shanghai branch of China's central bank has ordered commercial lenders to check for risks in their margin trading business, and submit their margin trading accounts and list connected wealth management products.

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