Thomson ReutersAn investor in front of an electronic board showing stock information at a brokerage house in Hangzhou.China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock-trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.Three sources at Chinese brokerages and two […]
The mystery gets deeper as a stockbroker is also involved in transfers. A stockbroker and her mum have told police they received separately more than Bt30 million worth of shares from Chuwong.The transaction happened four days before his death.Chuwong’s signatures in the stock-transfer transactions are a part of the police investigation into whether his death was an accident or a […]
Shares continue to slip, causing anguish and heavy losses for China’s millions of personal investors. Photograph: Imaginechina/Corbis
The temperature in this small airconditioned room in a brokerage in Shanghai’s Xuhai district was cool, as was the mood despite a drop in the stock market for the second day running.In recent weeks, as China’s stock market falls appeared to stabilise, millions of […]
China said on Monday it was prepared to buy shares to stabilize the stock market and avert “systemic risks,” after major indices plunged more than 8 per cent in the biggest one-day fall since 2007.The securities regulator also said market authorities would deal severely with anyone engaged in the “malicious shorting of stocks,” in Beijing’s latest attempt to stave off […]
China’s stock markets cratered again today, despite the government’s stimulus efforts. The Shanghai Composite Index fell by 8.5% and the Shenzhen A-shares index lost 7% of its value.Over the past 10 years, today’s drop was the second-worst on record:The fall comes after the government reported a 0.3% drop in industrial profits in June, a sign that China’s economy may be […]
Jason Lee / REUTERSSee AlsoChina pays a price to avert stock market crashChina’s small investors are looking for a way out of stocksInvestors aren’t convinced by China’s efforts to stop the $2.8 trillion market routA commentary in the Communist Party’s flagship publication yesterday suggests the mainland government is prepared to intervene in the stock market again if turbulence returns.The article […]
Last week we presented China’s latest bazooka in its ongoing attempt to halt its plunging market (apparently threats to arrest sellers were insufficient) – China Securities Finance Corp. As a subsidiary of the China Securities Regulatory Commission, this meant that “China’s central bank is now underwriting brokerages’ margin lending businesses” and that “the PBoC is now in the business of […]
China’s stock market bounces back, after govt steps in to stop huge slidePublished time: July 09, 2015 02:25Edited time: July 09, 2015 12:06Get short URLReuters / Tyrone SiuTagsEconomy, Investment, MarketsChinese stock indexes rebounded Thursday. The Shanghai Composite added about 6 percent after the securities regulator made a bold move and stopped shareholders with more than a five percent stake in […]
The New York Stock Exchange halted trading for 3 1/2 hours because of a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure.The suspension, lasting from 11:32 a.m. to just after 3 p.m. New York time, dropped the largest U.S. share platform out of the network of trading systems […]
Unlike most other stock markets, where investors are mostly institutional investors, in China, 80% of investors are small retail investors. Photograph: STR/AFP/Getty Images
China’s stock exchange regulator has imposed severe limits on stock market selling, having earlier warned of panic in the market as a range of recent government measures failed to prevent stocks plummeting a further 6%.After 10 minutes of […]
