short hedging 中文意思是什麼
short hedging
解釋
空頭套做-
Legislator eric li, convenor of the breakfast group and representative of the accounting sector in the legco, warned that the linked exchange rate would be under pressure in the next five years. moreover, the recent rise in the long - dated forwards was a signal of banks hedging their risks on hong kong assets. if the budget deficit continued and the fiscal reserves kept decreasing, the long - term pressure on the hong kong dollar would become short term
早餐派召集人、代表會計界的議員李家祥（見圖）警告，這5年內聯系匯率會有壓力，而最近遠期美電扯高，是銀行把資產轉移以避險的訊號，若果香港財赤繼續，儲備不斷下降未能止血，港元的壓力便會由遠期變成近期，到時不單令信貸評級上升，令投資成本增加外，更令港元成狙擊對象。 -
However, because of stock market environment and legal constraints in china, domestic 50etf can not be permitted short selling, and does not have derivatives and futures mechanism for hedging risk
但由於我國證券市場環境和法律環境的限制，國內推出的上證50etf不具有借券賣空機制和期貨等衍生產品進行風險對沖等特點。 -
There are many important issues to consider, such as the liquidity and market - making arrangements including short - selling ; hedging and risk management ; transaction costs ; market concentration ; disclosure of information, particularly price - sensitive information ; and the role of intermediaries, if any
關于這點有許多重要事項都需要考慮，例如流通性及做市商制度包括賣空對沖及風險管理交易成本市場集中程度信息特別是價格敏感信息的披露，以及可能出現的市場中介之角色。 -
We can draw these conclusions through the analysis in the article : ( 1 ) the conflict between profitability and liquidity is the root of open - end funds liquidity risk ( 2 ) the security market in china is still developing with lots of speculators ( 3 ) the continious and stable development of security market is the precondition of open - end fund. most of open - end funds are in the type of stock, whose performance depends on stock market ( 4 ) so far, the merchanics in terms of block trade, processing trade, as well as derivatives of short sales and risk - hedging is still in progress, which restrict fund managers ' competence to control risk and increase their stress in dealing with liquidity risk
（ 3 ）證券市場持續穩定地發展是開放式基金得以長足發展的保障。現有的開放式基金絕大多數是股票型基金，其業績依賴于股市向好，進而影響投資者是否持有基金的抉擇。 （ 4 ）目前我國證券市場在關于大宗交易、程序化交易、做空機制和規避風險的金融工具等方面的制度尚不健全，制約了基金管理人控制風險的能力，也加大了其面對流動性風險的壓力。 -
The absence of short selling and derivatives makes hedging difficult
缺乏做空機制和衍生工具，意味著難以進行對沖。
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