Chinese Government Attempts To Help Bag Holders By Controlling Markets
Wall Street is learning the hard way that markets cannot be tamed and so too will investors in China.
China is restricting approvals for share sales to keep new supply of equities from putting additional pressure on the nation's slumping stock market, two people familiar with the matter said.
Shang, chairman of the China Securities Regulatory Commission vowed July 30, during the regulator's semiannual supervision working meeting, to make the market more stable. He said in June that he will "rationally balance supply and demand in the capital market and adjust the pace of financing in an orderly way,'' without elaborating.
Yeah right. Click on the above text for the full story on Bloomberg.
China is restricting approvals for share sales to keep new supply of equities from putting additional pressure on the nation's slumping stock market, two people familiar with the matter said.
Shang, chairman of the China Securities Regulatory Commission vowed July 30, during the regulator's semiannual supervision working meeting, to make the market more stable. He said in June that he will "rationally balance supply and demand in the capital market and adjust the pace of financing in an orderly way,'' without elaborating.
Yeah right. Click on the above text for the full story on Bloomberg.
<< Home