China allows more margin trading

Starting today, China's bourses allow investors to trade more stocks under the margin trading and short selling scheme, which so far covers over 20 percent of A-shares. For the first time, this includes 6 stocks from the startup board.

With the move, a total of 500 stocks are now able to trade in the margin trading list, up from only 278 stocks previously. Brokerage stocks have recently soared on expansion of the scheme as their revenues are likely to get a boost. For the startup firms, analysts believe the diversified trading will provide fairer stock pricing and help prevent a bubble in the startup board.