‘EXCESSIVE’:The nation has too many financial institutions and smaller entities need help to consolidate the sector, THE Financial Supervisory Commission Chairman said
Date: Sep 01, 2015
By: Ted Chen / Staff reporter
Financial Supervisory Commission (FSC) Chairman William Tseng (曾銘宗) yesterday said that the commission will not rule out lifting a ban on the short-selling of stocks at less than the previous day’s closing prices, as the local stock market is regaining strength.
However, Tseng said that a few more days of observation is needed before scrapping the ban, depending on the TAIEX’s trading prices and turnout.
“The ideal turnover is about NT$12 billion [US$365.74 million] per day,” Tseng said. [FULL STORY]