Huaxing Capital CEO Baofan: Citron Report no basis for short

Sina Science and technology news on the evening of November 16, the U.S. research company Citron again issued a report short Qihoo 360 shares, Huaxing Capital CEO Baofan (Weibo) said Citron released the report is unfounded, the purpose is to scare investors in order to be short before the Qihoo 360 release results.　　Shorting abroad has become a mature industrial chain, Baofan says, with hedge funds behind many short companies that need someone to stand up for an unprecedented amount of money. In his view, Citron today is anxious to release the report on Qihoo 360, hoping to scare investors before the Qihoo 360 company officially publishes its earnings, so that it can be shorted. "If Qihoo 360 is doing well, their share price will go up, which will cost a lot of money to the short sellers," he said.　　Citron in today's report that he is shorting Qihoo 360 shares.　　Baofan that Citron again aimed at Qihoo 360, probably because Qihoo's share price is stronger in the Chinese concept stocks, and has a higher p/e ratio, there is a short space. Qihoo 360 will release its third-quarter results after the U.S. stock market closes in Beijing November 17. Baofan said he looked at the results of the third quarter of the Curious Tiger 360. (Loliang)