Friday February 27 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://www.hkex.com.hk/eng/market/partcir/sehk/2015/Documents/CT01415E.pdf
Securities and Futures Commission (“SFC”) has announced that it has approved the amendments to the Rules of the Exchange (the “Rules”) relating to Short Selling by the Securities and Futures Commission (“SFC”) in relation to short selling of China Connect Securities.
The short selling of eligible China Connect Securities (“Short Selling Security”) will be allowed starting 2 March 2015 and the list of Short Selling Security can be found on the HKEx website.
To facilitate short selling by CCEPs, HKEx will publish on its website (http://www.hkex.com.hk/chinaconnect) on each CSC trading day and for each Short Selling Security the following information:
- Maximum number of shares available for short selling for the CSC trading day updated before market open
- Remaining balance available for short selling updated every 15 minutes
- Short selling turnover (in shares and in value) for each Short Selling Security updated after the close of morning session and after market close.
- Respective daily and 10-day cumulative short selling percentage updated after market close
Click on the link above for further details