Beijing is overhauling how China’s fast-growing quant trading industry is regulated after one of the sector’s largest operators was hit with a trading ban this week for dumping shares.
Stock exchanges in Shanghai and Shenzhen announced late on Tuesday that all market activity by computer-driven quant funds, which rely on complex automated trading strategies, would be closely scrutinised under a new monitoring scheme jointly run by both bourses and the China Securities Regulatory Commission.
New quant funds will be required to report their investment strategies to regulators before they begin trading, according to the announcement. The rule will also apply to offshore quants trading shares through Hong Kong’s Stock Connect programme.
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