Global Voices Online

Hong Kong: HK Government Intervention In Stock Market

Monday, September 10th, 2007 @ 16:42 UTC

by Oiwan Lam

Countries:: Hong Kong (China)
Topics:: Finance, Politics

David Webb criticized Hong Kong Government's intervention in stock market and tried to explain the story behind the move. On 7-Sep-07, the Hong Kong Government announced that it had purchased through the Hong Kong Monetary Authority (HKMA), over an unspecified period, 5.88% of Hong Kong Exchanges and Clearing Ltd (HKEx, 0388). Today, the government continued to push up the stock price of HKEx. Simon world also wrote a note on our “free” economy.

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