China central bank warns against same-day stock trading

April 30, 2014 Leave a comment

China central bank warns against same-day stock trading

Tue, Apr 29 2014

By Pete Sweeney

SHANGHAI (Reuters) – The People’s Bank of China (PBOC) warned against implementing a same-day trading system for mainland stocks on Tuesday, as securities regulators consider how best to protect retail investors from manipulation by institutional funds.

“On the surface, ‘T+0’ trading can certainly help investors respond to changes in market sentiment in a timely way, locking in profits and preventing losses from widening; you can also say it would invigorate the market and improve revenues at brokerages, but the risks in T+0 trading are hard to ignore,” the PBOC wrote in its 2014 Financial Stability Report.

Read more at http://www.reuters.com/article/2014/04/30/us-china-stocks-t-idUSBREA3T01I20140430

Filed under Macro Trends

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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