59.4 F
London
May 27, 2024
PI Global Investments
Hedge Funds

China asks hedge funds to restrict short selling of stock index futures: report


China’s securities regulators have asked some hedge fund managers to restrict short selling in the country’s stock index futures market, two sources said, as authorities seek to stabilise sinking stocks.

A hedge fund manager said he received calls from China’s financial futures exchange, cautioning against reckless short selling, especially “naked” short selling conducted not for hedging purposes.

Another hedge fund source said the exchange had informally asked his firm recently not to short sell for speculative purposes. The sources spoke on condition of anonymity.

The China Financial Futures Exchange (CFFEX) did not reply to a Reuters request for comment. Nor did the China Securities Regulatory Commission (CSRC), which oversees the exchange.

Reuters



Source link

Related posts

Hedge fund titan Millennium poaches from Jefferies amid Aussie push

D.William

Ex-Clean Energy Transition Hedge Fund Partner to Launch New Firm

D.William

Why U.S. Hedge Fund Moguls Are Suddenly Bullish On China

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.