HONG KONG: Hong Kong Short selling activities

Monday October 10 2011

The Chief Executive Officer of the Securities and Futures Commission, Mr Ashley Alder, has released a statement in response to media reports on Hong Kong short selling which iterates that there has to date been no indication that recent declines in the Hong Kong stock market have been caused by Hong Kong short selling activities. He added that the SFC will not hesitate to take immediate action to deter any manipulative or abusive Hong Kong short selling practices. Mr Alder pointed out that stock markets around the world have seen significant downward adjustments and increased volatility in recent months against the background of an uncertain global economic outlook and the Eurozone sovereign debt crisis.Mr Alder reiterated that Hong Kong has a robust short selling regulatory regime that is more stringent than most overseas markets, and that the SFC will be introducing legislation shortly to implement a short position reporting regime to further enhance the transparency of short selling activities.

Click on the above link for more details on Hong Kong short selling activities.