HKEx clears 134 stocks for short selling

Hong Kong Exchanges and Clearing yesterday announced an additional 134 stocks were eligible for short selling.

The additions, along with the removal of nine counters, brings the number of stocks able for short selling to 526. The stocks include Chinese Estates Holdings, Fairwood Holdings and Citic 1616 Holdings. Pacific Century Insurance Holdings was one of those removed as it is going to be privatised.

An exchange spokesman said the additions were due mainly to the rise of the stock market, which lifted the valuations of the companies to the required HK$10 billion for two months.