Shanghai Clearing House to report abnormal trades

Shanghai Clearing House will report abnormal and illegal trades to the central bank from Monday.

The move was announced in a statement on Wednesday.

Analysts said the statement will help strengthen regulation and management over short-term financing, and will help prevent trading risks for members of the clearing house.

The statement came as part of measures by the government to battle against unfair trading in the inter-bank bond market, analysts said.

In April, the central bank suspended applications to open brokerage, asset management, trust and fund management accounts.