From the FT:
China’s army of retail investors has been warned off speculative trading in commodity futures as officials attempt to quash what looks to be the country’s latest market bubble.
A sternly worded text message popped up on mobile phone screens across China’s central Henan province on Friday, reading: “The Henan Securities Regulator reminds you that institutions or individuals without regulatory authorisation are not allowed to trade securities and futures. Don’t believe anyone who says they have inside information; only trade through legal brokerages.”
