On 20 March 2024, HK SFC said Yeung has been sentenced to 18 months in prison for securities fraud; Magistrate Mr. Jeffrey Sze Cho Yiu emphasized severity of the offense. Background HK SFC said Yeung pleaded guilty to securities fraud involving illegal short selling in proceedings. The case marks the first criminal conviction of securities […]

On 19 March 2024, the short selling turnover of HK market at midday amounted to $9.7 billion, or 23.8% of the turnover of securities eligible for short selling. Previous day short selling turnover percentage  was 19.2%

On 13 March 2024, a group of former chief economists at the U.S. Securities and Exchange Commission are supporting a request that the Fifth Circuit intervene and “correct” a pair of recent agency rules intended to bring transparency to the short-selling market.  

On 11 March 2024, it was reported by the FT that due to changes made by SEBI in response to last year’s short selling activity in Adani that several hedge funds have scaled back their investment in the country. Background New rules require large foreign investors — including hedge funds — betting on Indian stocks […]