Chinese securities regulators are allowing investors to open up to 20 trading accounts on the A-share market starting today.
This will allow investors to transfer their accounts to other brokerage firms.
Investors have only been allowed to have one trading account since 1998.
This should allow more competition among brokerage firms.
It comes at a time when the Chinese A-share market is hitting record highs.
The Shanghai Stock Exchange hit 4-thousand points, its highest level in nearly 7-years.
On Wednesday, the Shanghai stocks shot up to 4,000 points, the highest in nearly seven years.
At the same time, the Shanghai stock Exchange has topped New York as the global leader for new company offerings during the first quarter of this year.
