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Posted : 2021-02-03 19:59
Updated : 2021-02-03 21:23
Financial Services Commission Chairman Eun Sung-soo, speaks during a press briefing at the Seoul Government Complex in Gwanghwamun, Wednesday. Yonhap Outright abolishment not an option given foreign, institutional investors make up 80% of the market
By Lee Kyung-min
The Financial Services Commission (FSC) said Wednesday that it will extend a ban on short-selling until May 2, 90 days longer than its scheduled expiration date of March 15. The move is seen as a much-rushed measure designed to placate retail investors seeking collective action to vote in non-ruling party figures in the upcoming April mayoral by-election.
Starting May 3, short-selling will be allowed for shares of the top 200 companies on the benchmark KOSPI and those of the top 150 firms on the secondary Kosdaq. They account for a respective 22 percent of 917 KOSPI-listed companies and 10 percent of 1,470 KOSDQ-listed ones. Shares of other less frequently t
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HONG KONG and SHANGHAI, Feb. 3, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter Ping An , the Company or the Group , HKEX: 2318; SSE: 601318) today announced its financial results for the year ended December 31, 2020.
The year 2020 was extraordinary. We were challenged by COVID-19 and the economic fallout from the pandemic. Ping An went all out in three fields, namely financial services, technology, and community support, to prevent and contain COVID-19, as well as help resume work and production. The Group provided more than RMB18 billion in financial support to enterprises, customers and front-line medical institutions affected by the epidemic, donated over RMB180 million in money and materials, provided approximately 8 million healthcare workers and 15,000 front-line workers with free exclusive insurance with a total insured amount of over RMB13.5 trillion. In addition, the year 2020 witnessed the endga