taiwan-relaxes-shortselling-restrictions

Taiwan relaxes short-selling restrictions

New rules will allow traders to short stocks in the Taiwan Mid-Cap 100 index.
August 30, 2007
The Taiwan Stock Exchange is to increase the number of stocks that can be shorted from next week. Stock exchange chairman, Rong-I Wu, told FinanceAsia that shorting restrictions would be lifted on the 100 stocks that comprise the TSEC Taiwan Mid-Cap 100 Index and exchange traded funds.

Rong says the exchangeÆs regulator, the Financial Supervisory Commission FSC, had already approved the regulation and short selling would be allowed once the stock exchange had changed its rules and made the necessary IT changes. This is expected next week.

ôBoth the government and the stock exchange favour these measures and believe this is what investors want. It will improve liquidity and contribute to the smoother...
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