CSRC may limit securities accounts

Speculators reportedly use fake names for margin trading

China will soon allow individual investors to open no more than three stock trading accounts for Shanghai-listed shares, after detecting growing new accounts with fake identities in recent months, according to well-connected industry sources.

The China Securities Regulatory Commission is expected to announce the rule change after the upcoming Mid-Autumn Festival (Sept 15-17), said a source close to the securities watchdog.