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Relaxed dollar curbs, rally prompt new share accounts

China Daily | Updated: 2009-11-19 08:07

Investors opened more accounts to trade local and foreign-currency shares in China as benchmark indexes extended a rally and regulators relaxed restrictions on buying dollars.

New brokerage accounts for dollar-denominated B shares jumped 68 percent to 1,366 in the week ending Nov 13 from the previous week, according to clearing house data. That's the most in three months.

Accounts for yuan-denominated A shares rose to 304,698 from 299,891.

Relaxed dollar curbs, rally prompt new share accounts

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