South Korea is considering capping losses for “borrowing money to trade stocks” at 20%

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PANews July 28, citing an article from the Korean 《Joongang Ilbo》 Chinese website via China News Network Jingwei: To cope with the stock market downturn, on July 28, Lee E-won, chairman of the Financial Services Commission of South Korea, said at a symposium that it will prioritize closely monitoring the policy effects of supplementary measures such as the strengthened basic pre-deposit fund, which will take effect starting July 31. Lee E-won also said that if demand cannot be sufficiently calmed, additional measures will be studied and prepared in advance. According to reports, the scheme currently under consideration is to set total-amount management rules, limiting the proportion of individual-stock leverage within the total investment amount of personal financial investment products to within 20%. For example, if the investment amount of a financial investment product is 100 million won, then no more than 20 million won can be invested in leveraged products of a single stock.
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