综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

No plan to ban short selling

Updated: 2011-10-07 06:50

By Fox Huand Lynn Thomasson(HK Edition)

  Print Mail Large Medium  Small

 No plan to ban short selling

Traders work the floor at the Hong Kong Stock Exchange on Thursday. Hong Kong shares soared 5.67 percent following a strong performance on Wall Street and on hopes European leaders will agree a plan to resolve the eurozone debt crisis. Laurent Fievet / AFP

Hong Kong doesn't plan to ban short selling of securities, rejecting a request from some brokerages after the city's benchmark index tumbled 26 percent this year.

"When markets fall, it's not like we can stop it by just banning short selling," K.C. Chan, Hong Kong's secretary for financial services and treasury, told reporters on Thursday. "Shorting activities are so far relatively normal and we're keeping a close watch."

Seven brokerage groups said Hong Kong, the world's fifth-largest equity market, should consider a ban on short selling, according to Christopher Cheung, honorary chairman of the Hong Kong Securities Professionals Association.

"The government should disclose more information of short-sellers," said Cheung, also the chairman of Christfund Securities Ltd. "Short selling recently has disturbed market operations and extraordinary measures are needed to boost investors' confidence."

Short selling climbed to the highest level in 12 years, with bets on declines reaching HK$12.8 billion ($1.6 billion) on September 30, or 14 percent of the total market turnover, according to data compiled by the city's exchange and Societe Generale.

"We are an international financial center, and one of the characteristics is a liberal trading system," Ben Kwong, chief operating officer at KGI Asia Ltd. "Funds flow in and out easily, and we have a liquid market. There is a cost we have to bear. That means volatility in the market."

Regulators from South Korea to Europe have restricted bearish bets this year to stem market volatility.

The Hong Kong Stock Exchange suspended short selling in HSBC Holdings Plc, Hong Kong Telecommunications Ltd and China Telecom (Hong Kong) Ltd on September 2, 1998, after Hong Kong Clearing Co reported millions of shares failed to be settled.

Bloomberg

(HK Edition 10/07/2011 page2)

台前县| 南川市| 康保县| 沧州市| 建湖县| 贵阳市| 南靖县| 邯郸县| 翁源县| 平山县| 长沙市| 伽师县| 英超| 库伦旗| 铅山县| 华阴市| 甘德县| 泾川县| 中阳县| 东台市| 呼图壁县| 固阳县| 荃湾区| 佛山市| 阜城县| 若尔盖县| 鱼台县| 来安县| 天柱县| 化隆| 龙游县| 黄梅县| 桃园县| 津南区| 依兰县| 商南县| 兴安县| 威宁| 江陵县| 平定县| 郧西县|