Short-seller Andrew Left plans to appeal against a Hong Kong ruling that bans him from trading in the city for five years and would cost him at least $700,000.
The ruling, handed down by Hong Kong’s Market Misconduct Tribunal on Wednesday, followed the tribunal’s finding in August that California-based Mr Left was culpable of misconduct in relation to the 2012 publication of a research report on Hong Kong-listed Chinese property developer China Evergrande.
“The decision was not appropriate, and I’m going to appeal it,” he said yesterday. “I think it’s a real step backwards for markets in Hong Kong.”
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