HK did the right things. Market stablization is one of the functions of Central banks. Hang Seng Index future settles monthly. HK governement started buying 1 day befroe expiration when future was trading 500 points below fair. The timing was good. The entry point was excellent. With or without Russian default, HK was going to win the game.
The shorting rule is still in place after so many years. I would like to see it going away though.
