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- Zhang, a Guangzhou-based fund manager at E Fund Management, says investors should not overestimate ‘capability of judging non-consensus sustained high growth’
- Zhang’s blue-chip fund dropped 21 per cent in net asset value last year for a third straight annual decline
Thai Prime Minister Srettha Thavisin urges market authorities to tighten laws to boost investors’ trust and confidence and the review could include extending a ban on short sales to individuals, in a move similar to those made by China and South Korea.
The outstanding value of stocks shorted stocks has fallen to US$7.2 billion, the lowest since July 2020. China’s policymakers have responded with a slew of measures to boost confidence in the nation’s stock market.
China’s securities regulator rolls out a slew of measures in a bid to reverse a stock market rout that is seen threatening the financial system and posing a risk to social stability.
US short seller Hindenburg Research claimed in a report that EHang was exaggerating the number of its orders and misleading investors.
A total of 52 stocks and one exchange-traded fund, including all the equities on the benchmark gauge, will be available for short-selling on Monday.
Leveraged traders have raised their bets on Chinese stocks in one of Asia’s worst-performing major markets this year, a reflection of the hopes among some investors that there could be a rebound forthcoming.
Shandong Golden Empire has infuriated investors after short sellers borrowed 4.7 million shares from senior management on the first day of trading. But China’s market regulator has cleared the company of wrongdoing.
Shares in Adani group companies slumped following US short seller Hindenburg Research’s January 24 report alleging fraud and market manipulation.
The stock wipeout has raised questions about regulatory standards and corporate governance in India as it cast a spotlight on the Modi government – and the episode’s wider economic effects.
The crisis-ridden Adani Group is moving an investor roadshow to Hong Kong on Tuesday, continuing its charm offensive to ease concerns about its financial health and corporate governance induced by a short-seller’s allegations.
In a Wednesday report, Jehoshaphat Research asked how Techtronic’s profit margin was higher than its peers, alleging that it could be achieved by accounting irregularities, a conclusion not shared by JPMorgan.
One independent journalist is being sued by the scandal-hit empire of tycoon Gautam Adani in six different courts – and he is not allowed to speak about the firm or its owner.
India’s benchmark index fell to a three-month low as a slide in shares of conglomerate Adani group over fraud allegations clouds investors’ sentiment.
Gautam Adani was the fourth richest person in the world last week, but is now 11th. And the losses in Indian markets have spilled over to his fellow billionaires.
The conglomerate led by Indian billionaire Gautam Adani said last week’s Hindenburg report - which sparked a US$48 billion rout in its stocks - was intended to enable the US-based short seller to book gains, without citing evidence.
Tsingshan Holding Group, the world’s largest nickel producer, has said that it will be able to tackle a historic short squeeze after gathering sufficient nickel inventory for delivery, and with fresh lifelines from banks.
Xiang Guangda, who controls the world’s largest nickel producer, Tsingshan Holding Group, and is known as “Big Shot” in Chinese commodity circles, has closed out part of his company’s short position and is considering whether to exit the wager altogether, sources said.
The combined value of short bets on the Shanghai and Shenzhen exchanges rose to the highest level since local brokerages were allowed to officially start securities lending and borrowing in 2010.
EHang denies short seller Wolfpack’s fraud allegations amid efforts to start its commercial flying taxi operations.
GameStop’s rally grabbed world market headlines for the manner in which swarms of Reddit users took on big short-sellers and hedge funds. Efforts to emulate that sort of drama in Asia have been isolated so far.
The equity trading revolution playing out in the US is unlikely to be matched any time soon in Asia and Europe because tighter restrictions on short selling, limited options trading and higher taxes and fees will keep it a US game for now.
Block, founder of Muddy Waters Research, isn’t questioning his methods. He blames options traders, small floats and investors taking advantage of low volumes to push the Chinese stocks back up after his calls.
The monetary authority seeks to reassure bankers about the national security law, saying it is business as usual. Banks’ ability to conduct research, publish pessimistic views and make short-selling trades, among others, will not be affected, it says.
This is not Feihe’s first brush with controversy since its HK$6.7 billion (US$864 million) initial public offering in November. It has continued to bat away accusations about its accounting.
GSX Techedu, one of China’s largest online tutoring providers, has denied allegations by short seller Muddy Waters that most its students are internet robots.
Buying of equity-focused mutual funds rose 9.8 per cent month on month in March, the fastest pace since 2013, according to an industry association.
Managers face a triple whammy of yo-yoing markets, redemptions by investors and margin calls from brokers.
