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SFC directs suspension of China DYF (0612)
SEHK, 8-Mar-2019
This follows a complaint by Webb-site to the SFC on 18-Feb-2019 and a Bloomberg article on 22-Feb-2019. This is a "Chapter 21" closed-end investment fund, trading at about 86x NAV. Such companies are exempt from the public float requirement of the Listing Rules, and the SFC has not issued any concentration warning on this stock. Consequently it has been admitted into various HSI and MSCI indices, exacerbating the bubble. It was due to enter the HSI Large and Mid-Cap Index at the close of business today.
Organisations
- Ding Yi Feng Holdings Group International Limited 鼎益豐控股集團國際有限公司
- HSI SERVICES LIMITED (d2009-06-23)
- MSCI HONG KONG LIMITED
- SECURITIES AND FUTURES COMMISSION 證券及期貨事務監察委員會
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