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Title: COMMUNIST WAY OF HANDLING CRASHING STOCK MARKET - Chinese Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders
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URL Source: http://www.zerohedge.com/news/2015- ... -stock-sellers-rumor-spreaders
Published: Jul 10, 2015
Author: Submitted by Tyler Durden
Post Date: 2015-07-10 01:19:03 by HAPPY2BME-4UM
Keywords: CHINA, STOCK MARKET, MARKET CRASH
Views: 490
Comments: 14
Not only has the Chinese regulator specifically asked all listed companies to submit reports, within the next two days, on the measures they will take to prop up their shares, according to the 21st Centruy Business Herald; but, as we warned yesterday, Chinese police have begun a "nationwide action plan" to work with stock regulator CSRC to crack down on now 'illegal' stock and futures trading. As SCMP reports, police are checking who sold off Ping An and PetroChina stocks in last 30 minutes of trading July 8 while Government was buying to boost index... Who needs QE? This is worse, much worse... Market sources: Police checking who sold off Ping An, PetroChina stocks in last 30mins of trading July 8 while Gov was buying to boost index — George Chen (@george_chen) July 10, 2015 MORE: Chinese police to work with stock regulator CSRC to implement "nationwide action plan" to crack down illegal stock and futures trading — George Chen (@george_chen) July 10, 2015 BREAKING: Securities Crime Bureau of Public Security Ministry investigating 10+ "malicious shortsellers" who sold off stocks, futures July 8 — George Chen (@george_chen) July 10, 2015 * * * Which explains this... * * * And here is what Rabobank thinks... “China managed to stage an impressive equity rebound yesterday. One could call it a dead cat bounce, but we don’t even have an entire cat, so it was more parts of a dead cat bouncing, aided by news that anyone caught selling short would be arrested. To say that doesn’t look sustainable is an understatement, especially with PPI (Producer Price Index) slipping to -4.8 per cent (Year-on-Year), and CPI (Consumer Price Index) edging up to 1.4 per cent only on vegetable prices.” 
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#2. To: HAPPY2BME-4UM (#0)
“China managed to stage an impressive equity rebound yesterday. One could call it a dead cat bounce, but we don’t even have an entire cat, so it was more parts of a dead cat bouncing, aided by news that anyone caught selling short would be arrested. Wow, China staged an impressive equity rebound? Rabobank surely realizes that the Chinese communists have halted the sale of over 50% of the listed companies on their exchange. I understand that this halt in sales could last 6-months. This, in effect, makes any valuation of the Shanghai Composite impossible. The trouble in China has just begun. Chalk it's implosion up to another Keynesian wet dream. Chinese Trading Suspensions Freeze $1.4 Trillion of Shares Amid Rout
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Top • Page Up • Full Thread • Page Down • Bottom/LatestAnd here is what Rabobank thinks...
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