sharon sanders
Editor-in-Chief & President
[h=1]China?s state-rigged stock market is getting a state-mandated cooling-off period[/h] "The government saves the market, investors are happy," reads the sign. (Reuters/Aly Song)
[h=5]SHARE[/h]
[h=5]WRITTEN BY[/h] Gwynn Guilford
[h=5]OBSESSION[/h] China's transision
July 21, 2015
The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/tSouth China Morning Post?s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.
snip
The unexpected four-day weekend?Sept. 3 and 4 are a Thursday and Friday?is the latest move by Beijing policymakers to freeze the stock market in a state of suspended animation. Initial public offerings have been on hold since early July, and hundreds of companies have beenallowed to suspend trading in an attempt to ride out market volatility. This is part and parcel of the government?s attempt to prevent the layers of debt piled into Chinese stocks for unravelling themselves?and tearing holes in bank balance sheets with them.
more..
http://qz.com/459627/chinas-state-r...-getting-a-state-mandated-cooling-off-period/
[h=5]SHARE[/h]
[h=5]WRITTEN BY[/h] Gwynn Guilford
[h=5]OBSESSION[/h] China's transision
July 21, 2015
The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/tSouth China Morning Post?s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.
snip
The unexpected four-day weekend?Sept. 3 and 4 are a Thursday and Friday?is the latest move by Beijing policymakers to freeze the stock market in a state of suspended animation. Initial public offerings have been on hold since early July, and hundreds of companies have beenallowed to suspend trading in an attempt to ride out market volatility. This is part and parcel of the government?s attempt to prevent the layers of debt piled into Chinese stocks for unravelling themselves?and tearing holes in bank balance sheets with them.
more..
http://qz.com/459627/chinas-state-r...-getting-a-state-mandated-cooling-off-period/