Fund managers welcome closing auction reinstatement
The closing auction scheme is commonly used in other developed markets. Meanwhile, the introduction of a volatility control mechanism has the strong backing of asset managers.
Hong Kong-based fund managers have welcomed plans by the HK Exchange to reintroduce a ‘closing auction’ scheme despite continuing to face strong opposition from retail investors.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.