Hong Kong’s financial market is much bigger now than it was during the Asian financial crisis in 1998, says Norman Chan, CEO of the Hong Kong Monetary Authority. Photo: Roy Issa

Shortsellers assembled for Hong Kong’s market tumble may have paid HK$12.4 billion for show that never was

  • City’s top brokers built up positions in August, when the Hang Seng was down 7.4 per cent
  • The benchmark has risen by more than 6 per cent in the first two weeks of September
Topic |   Short selling

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Hong Kong’s financial market is much bigger now than it was during the Asian financial crisis in 1998, says Norman Chan, CEO of the Hong Kong Monetary Authority. Photo: Roy Issa
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