Intraday trading given go-ahead

Investors are to be able to buy and sell a stock on the same day, which could lead to an increase in activity on China's stock exchanges, state media reported. From July 1, A-shares will no longer have to be placed in an investor account for a day before being traded on the Shanghai and Shenzhen exchanges. Introducing intraday trading should allay fears about the risk of holding stock overnight, and brings the stock exchanges in line with global practice. The rules change does not apply to foreign currency denominated B-shares.