quixzi
10-23

$SMIC(00981)$

Once a stock is assigned a market maker, typically a securities firm, its primary goal is to enhance liquidity. However, an essential principle of market makers is to stabilize stock prices and mitigate speculative bubbles. For example, Semiconductor Manufacturing International Corporation (SMIC) is priced at 29 in the Hong Kong market and 95 on the STAR Market, which seems obviously misaligned.

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