Short Selling

Chinese mothers beat Wall Street to force gold price rebound

Gold prices are rising again as Asian mothers take advantage of the recent weakness in the price to buy jewellery. Photo: David Wong

Taking advantage of the steepest drop in three decades, Chinese mothers have shored up prices by splashing out on gold for their daughters' weddings in the past couple of weeks, foiling the plan of finance gurus who have been short selling the precious metal in the hope of pushing it lower.

Friday, 3 May, 2013, 8:48am 4 comments

Talking points

Draw held for subsidised homes at Greenview Villa

Almost 60,000 applicants are eagerly waiting to find out if their number has come up in the ballot for flats in the Housing Society's latest project. Some 988 flats will become available at Greenview Villa in Tsing Yi.

28 Feb 2013 - 3:37am

Short-selling eases as Block loses interest

Carson Block, founder of Muddy Waters. Photo: Bloomberg

Carson Block says it's become too difficult to short Chinese equities in the US as bets on stock declines drop by 50 per cent from a year ago.

29 Nov 2012 - 3:46am

China to begin tests on expanded short selling system

Shanghai's stock index has suffered big falls. Photo: Xinhua

The mainland's securities regulator is expected to begin testing a new technical system for expanded short selling in the coming weeks, a move likely to exacerbate the bearish sentiment on markets.

15 Nov 2012 - 5:02am

Playing by Hong Kong's new rulebook on short selling

New rules have been introduced to regulate short selling.

What's new?

Short sellers of Hong Kong-listed securities are now required to report their short positions to the Securities and Futures Commission, which publishes the data. To discourage free-riding and herding, where investors blindly follow a big-name short position holder, names of the short sellers are not revealed and the data is aggregated for each stock.  

10 Oct 2012 - 5:39am

Hyenas play a vital role in financial markets, too

Nature's way

There are many animals that people find repulsive which actually play a vital role in sustaining their ecosystems.

Take hyenas: reviled for feeding on carrion that even vultures leave behind, these grotesque creatures (the female spotted hyena even sports an organ known as a pseudo-penis in place of more conventional genitals) support many far more picturesque species.

18 Sep 2012 - 3:45am

Education stock rises after boss retaliates

Shares in New York-traded New Oriental Education & Technology Group rebounded after it hit back at allegations from short seller Muddy Waters that it had made fraudulent financial statements.

21 Jul 2012 - 12:00am

Market gamblers caught short by casinos' rebound

The same rule applies whether you are playing the tables or the markets: betting against the house can pay big until, all of a sudden, it doesn't.

Short sellers who bet against shares of Macau casino operators amid the massive rout that began last Friday paid the price yesterday, as gaming stocks rebounded across the board by 15 to 26 per cent.

7 Oct 2011 - 12:00am

Critics short-sighted about short selling

No one likes short-sellers. These are people who profit when stock markets crash, leaving big holes in your investment portfolio. Since August, governments in South Korea, France, Spain, Italy and Belgium have moved to restrict or ban shorting.

5 Oct 2011 - 12:00am

Muted response to brokers' call for short-sales ban

Seven brokerage bodies yesterday lobbied the government to follow the example of some European and Asian markets and ban short selling, citing the benchmark Hang Seng Index's more than 25 per cent loss over the past two months.

5 Oct 2011 - 12:00am

Market Calls

China Yurun Food (1068) had a huge week. The hog farmer and vendor of meat products issued a stock exchange announcement last Monday saying that negative press reports and rising materials costs will hurt profits. The firm's shares promptly fell 31 per cent on the day.

3 Oct 2011 - 12:00am

SFC seeks to tighten rules on short selling

The Securities and Futures Commission said yesterday it would seek legislation requiring fund houses and institutional investors to report their short-selling positions in Hong Kong-listed securities as part of an international effort to tighten regulation on the activity.

24 Mar 2009 - 12:00am

Mainland brokerages see earnings slide 63pc

Market outlook for year ahead remains daunting

Mainland brokerages received a bitter lesson last year, with earnings dropping by nearly two-thirds as a result of a market slump and a dearth of initial public offerings.

21 Jan 2009 - 12:00am

Shanghai index falls 5.23pc despite stimulus measures

Global equity rout spreads to A shares after week-long holiday

Mainland investors snubbed proposed market-boosting measures by the government and drove the Shanghai index down 5.23 per cent yesterday, when trading resumed after a week-long suspension for the National Day holiday.

7 Oct 2008 - 12:00am

Shanshui Cement raises HK$1.8b on low pricing

China Shanshui Cement Group, the largest maker of the building material in Shandong province, raised HK$1.82 billion from its initial public offering after pricing the deal near the bottom of the indicative valuation range amid a tough capital market environment, sources said.

28 Jun 2008 - 12:00am