Philippine Bourse CEO Hopeful Short Selling Will Start This Year

Short selling would help attract overseas funds, Monzon says
Foreign funds have dumped Philippine equities for 20 months

WATCH: Ramon Monzon, CEO of Philippine Stock Exchange, discusses investor sentiment, the IPO pipeline and the reforms he’s looking to put in place.(Source: Bloomberg)

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By Ian C Sayson

July 8, 2021 at 5:44 AM UTC

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The Philippine Stock Exchange remains optimistic that corporate and tax regulators will resolve issues on borrowing and lending of securities this year, allowing the bourse to initiate short selling in 2021.

“I don’t want to say it’s 2022,” Chief Executive Officer Ramon Monzon said in a Bloomberg Television interview on Thursday. “I have been regularly in touch with our regulators. I practically talk to them every week. And I get assurances that it will be prioritized.”