He said he only uses social media to stay in touch with friends.
Hung is one of the few leaders of large enterprises active on social media. His personal page has nearly 90,000 followers and each of his statuses garners several thousand “likes.”
Such a prominent online presence led to him being asked at the the SSI’s 2021 online annual meeting Saturday if he used his own statements to influence the market.
Hung said he has made no statement on social media “to fluctuate the stocks.”
“I post statuses online to express my thoughts, but I don’t actually try to convey any message there. In fact, my exchanges related to the stock market are very few.”
The head of SSI also added that his personal social media account is used to communicate with friends and followers on certain issues.
Hung also addressed the question of ethics in business operations after shareholders wanted to know about trading activities of SSI, one of the top brokerages in the country.
“We do not participate in price manipulation, price blowing or taking sides in groups. When SSI divests its investments, it means we have achieved all our goals,” he said.
Hung said the stock market was a place that dealt with all kinds of goods and participants. Stocks go up and down as per market forces. Professionals must be honest to ensure market transparency, he said.
He noted that in all countries, if the professional ethical standards are higher than legal standards, market participants will have to follow the former.