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
...
白沙| 乃东县| 东安县| 蒙阴县| 曲沃县| 纳雍县| 宁波市| 晋州市| 湘阴县| 玉龙| 泗水县| 托克逊县| 绵阳市| 顺平县| 浦县| 辛集市| 上犹县| 定州市| 舞钢市| 静宁县| 库伦旗| 遂溪县| 扶风县| 南涧| 建昌县| 沅江市| 丹巴县| 阜康市| 高平市| 罗源县| 宜宾市| 民乐县| 宁蒗| 平和县| 垫江县| 当雄县| 连南| 太仆寺旗| 正镶白旗| 富裕县| 金门县|