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Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing's efforts to stave off a deeper crash into doubt.
George Chen @george_chen2h2 hours ago Chinese media list 6 reasons for stock market crash today: 1) Higher expectation of Fed's rate hike 2) IMF's pressure
George Chen @george_chen2h2 hours ago And 3) higher pork price -> inflation worries 4) disappointing July PMI 5) profit-taking after gov bailout 6) more stocks to resume trading
George Chen @george_chen20m20 minutes ago In China, no definition of what "grey market" is. It could be you borrow money from your uncle to buy stock: Your uncle's your "grey market"
George Chen @george_chen16m16 minutes ago In China, retail investors canNOT borrow $ from banks to buy stocks BUT brokerages can borrow unlimited $ from central bank to boost index!
