Listed Chinese companies are being forced to halt trading as their owners attempt to unwind risky bets they have made pledging company stock for loans.
As China tightened access to credit in 2017 to address its mounting corporate debts, controlling shareholders in many smaller listed companies used their shares as collateral for credit.
But market jitters since the start of this month have pushed companies to warn their shareholders that they could face margin calls as share prices fall.
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