国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

CITIC Securities responds to short-selling accusations

(Xinhua) Updated: 2015-08-03 09:35

CITIC Securities responds to short-selling accusations

Signboard of CITIC Securities in Shanghai, Sept 22, 2014. [Photo/IC]

BEIJING - China's top securities broker, CITIC Securities, responded on Sunday to claims that it has short-sold Chinese shares.

On Friday, the Shanghai and Shenzhen exchanges restricted trading of 24 accounts as they were suspected of misleading other investors by frequent orders and cancellations.

One of the accounts used to be owned by two shareholders, a foreign hedge fund and the Shenzhen-based CITIC United Venture Investment Co Ltd, a subsidiary of CITIC Securities.

Market rumors began that CITIC Securities had ganged up with foreign hedge funds to short-sell Chinese stocks.

In response, CITIC Securities said the historical investment started in 2010, but ended after the company transferred its equity in November 2014. It does not own the hedge fund's stock rights any more, a CITIC source said.

Besides, the previous investment, which was?$1 million and accounted for 20 percent of the hedge fund's total equity, was "small scale" and CITIC did not participate in the hedge fund's operation or management, according to the source.

CITIC insisted it will support the government's regulatory measures to stabilize the stock market.

After the massive sell-off since mid-June, the Chinese government has unveiled a slew of measures to prop up the market, including reducing the number of new shares to avoid a shares glut, a police crackdown on short-selling and a six-month ban on big shareholders selling stocks.

Before the market took a downturn on June 12, the Shanghai composite had risen by 152 percent since July 2014 and nearly 60 percent since the beginning of the year, galloping far ahead of economic fundamentals during the period.

Chinese shares continued to drop on Friday as investors showed caution in the shadow of the earlier market stampede. The benchmark Shanghai Composite Index shrank 1.13 percent to close at 3,663.73 points. The smaller Shenzhen Component Index fell 0.18 percent to close at 12,374.25 points.

Hot Topics

Editor's Picks
...
武陟县| 休宁县| 屯留县| 姜堰市| 宁晋县| 甘孜县| 江西省| 金秀| 那曲县| 文登市| 新巴尔虎右旗| 邳州市| 泾川县| 东至县| 绥德县| 淳安县| 扎囊县| 富阳市| 崇州市| 介休市| 淮滨县| 张家川| 利津县| 乌鲁木齐市| 博罗县| 霸州市| 奉新县| 旬阳县| 凉城县| 辉县市| 宝鸡市| 元氏县| 龙泉市| 孟州市| 兴文县| 西乡县| 阳城县| 衢州市| 兰考县| 沅陵县| 普格县|