Chinese stockholders borrowing money against some $720bn worth of shares threaten to exacerbate the equity market sell-off and drive up corporate defaults, if falling prices force the sale of the shares held as collateral.
以價值約7200億美元的股票為質押借款的中國股票持有者,可能會加劇股市拋售并推高公司違約——如果價格下跌迫使作為質押品持有的股票被出售。
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