Posted on 07/31/2015 6:31:28 PM PDT by Kartographer
China is pressing foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources told Reuters, extending its pursuit of "malicious" short sellers of Chinese stocks to overseas jurisdictions.
The markets regulator, the China Securities Regulatory Commission (CSRC), wants the trading records to try to identify those with net short positions who would profit in case of further falls in China-listed shares, three sources at Chinese brokerages and two at foreign financial institutions said.
At its regular press conference on Friday, the CSRC said it had not directly contacted top executives at Hong Kong brokerages. It also noted that it was normal, in the course of an investigation, to reach out to "relevant parties".
The regulator has declared war on "malicious short sellers" or those it deems are trying to profit from a fall in share prices, rather than adopt a short position as a financial hedge.
"The implied threat by the CSRC is that anything that is not a hedge is a no-no," said a source in Hong Kong with knowledge of the requests. This person added that foreign brokers were likely to comply as best they could with the requests.
"When the CSRC makes an offer, you cannot refuse it."
(Excerpt) Read more at zerohedge.com ...
Coming soon to your neighborhood.
Ping
If I were the Chinese,
I’d start with Soros and work back.
Start with Soros... even if he wasn’t in the market. Please?
When I heard that Kerry met Zarif in NYC at a Soros party ten years ago, I turned thumbs down.
Either play our game and lose our way, or die at our discretion.
Every stock buyer requires a stock seller. Unless they don’t want any activity at all in their market... Which would make it not much of a market.
I forgot to add, these extremists are showing themselves as prime targets. Like a bunch of Cecils. They’re just that dumb, too...
SOROS! Yes, good idea. Evil slime.
Maybe the ChiComs should build another ghost city to stimulate their fauxconmy. Free Traitors are not amused.
Exactly!
Hirrary
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