China will enhance regulation of programme trading: CSRC chairman

Chinese authorities plan to enhance regulation of programme trading to clamp down on market misconduct, the head of the China Securities Regulatory Commission (CSRC) said on Saturday.
Hedge funds and institutional investors are increasingly managing their portfolios in China via programme trading, which involves using algorithms to automatically execute a large volume of securities orders based on predetermined conditions.
“Programme trading has become an important trading method in our country...