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許照中:《孖展新規》進一步影響證券業 本地投資者活動能力已跌至空前最低
阿思達克 10-09 10:33

規管證券行孖展融資的《證券保證金融資活動指引》將於上周五(4日)生效。六福金融主席兼行政總裁許照中接受電台訪問後表示, 現時一般券商本來已營運艱難,曾有個別券商接觸他指有意結業,因此《孖展新規》的進一步收緊將會持續對行業造成影響。

他續指,對於當中要求將孖展金額收緊至為券商資本的5倍不感擔心,認為券商一向有就此做好風險控制,最大問題是抵押成數需參考銀行接受抵押水平,認為這會令券商被銀行牽著走,令券商失卻自行作商業決定的能力。他認為行業內的財務資源守則一直能有助行業控制風險,若加上《孖展新規》的話,對大券商的影響尤其大,因為大券商一般較有能力做大孖展業務。

對於證監會指在新規實施初期會酌情處理,他坦言此承諾很虛渺,因為規例推出後券商取態都是要跟指引,不會因為有酌情處理而違規。另外,若有倒閉潮出現,他相信首當其衝的是小型券商,內裡的員工多是年資較大的老僱員。

在新股市場方面,他留意到百威亞太(01876.HK)上市沒有太多散戶申請,認為現時本地投資者活動能力已放緩到空前最低。

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