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HK cracks down on short sellers

Hong Kong's securities watchdog said yesterday it plans to require some short-sellers in the equities market to disclose their positions as part of an attempt by regulators around the world to boost transparency in short selling to better protect investors. The regulator plans to require short-sellers, who make money when a stock’s price falls, to report their activities if a short position is equal to or greater than 0.02 per cent of the issued share capital of a listed company or a market value of at least HK$30m, whichever is lower.