China's stock market is about to collapse – Hang The Bankers

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:
Today marked the fourth largest decline of the Shanghai Composite in two decades.We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in the making.Today the benchmark Shanghai Composite plunged 6.4%.  That brings […]