06-05-2015, 12:01 AM
Its just a typical China casino - Banker vs greedy players... the cycle will go on & on... no worries
(05-05-2015, 09:16 PM)BlueKelah Wrote: Shanghai stocks slump amid margin loan fears
[Mainland China's main equity index has closed more than 4 per cent lower, amid reports that domestic stockbrokers are pulling back from lending clients money to buy shares, as regulators become increasingly concerned about the fierce nature of a recent stock-market rally.
The Shanghai Composite, which has increased in value by almost 120 per cent over the past year, fell 4.1 per cent to 4,308 points. That is the index's biggest drop since January 19, and the seventh biggest fall over five years. ]
[The management team of Chinese online video company Beijing Baofeng Technology urged the public to "invest rationally", after its stock jumped by 44 per cent on the first day of trading on the nation's mid-cap market in the wealthy southern Chinese city of Shenzhen. ]
[As RBS strategist Alberto Gallo wrote in a late-April note:
Housewives, taxi drivers and street vendors busy trading stocks are common sight in China these days. It appears the banana guy has a few friends, around 12 million who opened A-Share trading accounts since March 20, and after the government allowed investors to hold multiple accounts with different brokers in early April.]
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Another exciting day on SSE! If only SGX was so exciting...