The new Hong Kong-Shanghai exchange link, set to begin next month, has updated its rules, Bloomberg reported, citing Hong Kong Exchanges & Clearing. The new rules will include measures to prevent investors from hogging the daily buy quota by rejecting orders more than 3% below the current best bid or last trade price. This change comes amid investor concerns over the “possibility of mischievous behavior,” the exchange said. Other changes concerned securities lending, short selling and foreign ownership limits – including the forced sale of international investors’ holdings if the aggregate foreign shareholding limit of 30% in a company is exceeded.
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