Southridge Capital CEO Stephen Hicks Says China's Anti-Shorting Policy is Bad Move

Aug 06, 2015, 15:00 ET from Southridge Capital

RIDGEFIELD, Conn., Aug. 6, 2015 /PRNewswire/ -- Stephen Hicks, Founder and CEO of Southridge Capital, a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies, has released a statement outlining his views on China's anti-shorting policy; Puerto Rico potentially defaulting on a pension payment, and why there is finally some good news from Greece.

Hicks says, "The anti-shorting policy had not worked in the United States during the height of our financial crisis. What is ironic here is that China is not facing a situation as we did in 2008 with overleveraging and a spiraling decrease in asset prices. They are just experiencing inevitable slowing growth after a period of extraordinary growth for a county of its size. Instituting an anti-shorting policy is foolish."

Meanwhile, closer to home, Puerto Rico announced that they did not make a required interest payment and may default on an upcoming pension payment. "They need to become more proactive with their creditors now and come up with some mutually acceptable decision or they will be required to sell off assets," says Hicks

Despite some lows in the world economy, there is some good news. Greece is starting to turn a corner and has reopened their stock market, which decreased 14 percent. "That was hardly a surprise. They worked out a deal with their creditors, and apparently there is no looting in stores and tourism has not been substantially impacted. I believe, in time, the Greek economy will recover," concludes Hicks.

About Southridge Capital: Southridge Capital is a diversified financial holding company specializing in direct investment and advisory services to small and middle market companies. Since 1996 the structured finance team has made direct investment of over $1.8 billion into growth companies globally. Our expertise lies in our ability to customize a financing plan for the prospective client and then execute on that plan without fail. For more information, visit: www.southridge.com

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SOURCE Southridge Capital



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