End of the China bull?

[notting]

Do you have a link to that? Sounds like an interesting story.

Here's one link -

http://www.reuters.com/article/2015/05/29/markets-china-bank-stakesales-idUSL3N0YK0B520150529


A further 25% of stocks have undergone 'voluntary suspension' and have not traded this morning!! Company board members could have allowed their companies to trade but that may have lead them to becoming involuntary organ donors.

 

[qldfrog]

China Trading Halts Leave 43% of Entire Stock Market Frozen" Bloombergs as read on http://finance.yahoo.com/;
that is a sizable chunk indeed, wonder what is still trading?
CanOz any news as seen from the floor?(I assume you are on Mainland China?)

 

[CanOz]

Further to Skyquakes post:

 

[CanOz]

Here's one link -

http://www.reuters.com/article/2015/05/29/markets-china-bank-stakesales-idUSL3N0YK0B520150529


A further 25% of stocks have undergone 'voluntary suspension' and have not traded this morning!! Company board members could have allowed their companies to trade but that may have lead them to becoming involuntary organ donors.

Well i guess they're using those funds to prop it all up now hey

 

[CanOz]

China Trading Halts Leave 43% of Entire Stock Market Frozen" Bloombergs as read on http://finance.yahoo.com/;
that is a sizable chunk indeed, wonder what is still trading?
CanOz any news as seen from the floor?(I assume you are on Mainland China?)

Nothing to report here mate, the ridiculous amount of construction & environmental destruction continues unabated...i can hear the thump of the pile driver from my desk. Looking out my kitchen window alone i can see 13 construction cranes (national bird of China).

The only thing of interest i have noticed is while watching the book on the XINA50, lots of large blocks of contracts coming through when the market is zooming around all over the place. Today is quite tepid, at the moment.

11:05(CN) Follow Up: China Securities Finance said to seek at least CNY500B to support market - US financial press-May seek from PBOC and tap interbank market. - Source TradeTheNews.com

 

[avion]

Nothing to report here mate, the ridiculous amount of construction & environmental destruction continues unabated...i can hear the thump of the pile driver from my desk. Looking out my kitchen window alone i can see 13 construction cranes (national bird of China).

Which city are you based in if you don't mind me asking?

 

[CanOz]

Which city are you based in if you don't mind me asking?

Luxu (Looshoo), its a little town south of Wujiang, in Jiangsu province. Basically we're 40km south west of Shanghai CBD.

 

[notting]

The downside of a command economy

What happened? Experts identify several causes. China's slowing economic growth is one. Risky trading practices are another. All along, bullish propaganda by China's state-run media helped drive people to invest.

http://money.cnn.com/2015/07/07/investing/china-stock-market-crash/index.html?iid=EL

You will never be the economic power house without transparency, free speech and genuinely free markets.

 

[Uncle Festivus]

The downside of a command economy



http://money.cnn.com/2015/07/07/investing/china-stock-market-crash/index.html?iid=EL

You will never be the economic power house without transparency, free speech and genuinely free markets.

Well that excludes everyone I guess, least of all the supposed poster child of the 'free' world, the USA?

Ponzi's about to be asked to pay the piper, 'cept no amount of money printing will normalise economies this time.

The artificial 'recoveries' since the start of the GFC have been just that - artificial. All the bad debts that did not get outright vaporised in the early days of the GFC are still there, only not officially accounted for ie relaxing the mark to market rules etc.

So here we are nearly 8 years later and still zero bound with interest rates while the CB's have tried to wealth effect their way out of it but only blowing bubbles, which are popping now.

This has been building for over 40 years though as each growth retraction has been met with lower rates and more stimulus and more hiding of the facts through politically compromised data.

The culprits deserve what they are about to get.........

 

[notting]

Well that excludes everyone I guess, least of all the supposed poster child of the 'free' world, the USA?

Australia and New Zealand would be better poster childs if you must have one.

 

[CanOz]

The downside of a command economy



http://money.cnn.com/2015/07/07/investing/china-stock-market-crash/index.html?iid=EL

You will never be the economic power house without transparency, free speech and genuinely free markets.

Keep it coming notting, its starting to look like stage analysis.

 

[notting]

China has lost over US$4trln in 4 weeks: that is more than the total mkt cap of the CAC 65% of NKY & 3.6x more thn total mktcap ASX

CHINA'S STATE ASSET ADMINISTRATOR COMMANDS CENTRAL GOVT-OWNED FIRMS TO BUY THEIR OWN STOCK TO STABILISE SHARE PRICE

Let's hope the next order from State Asset Administration is not - "Sell your Sydney apartments and buy Chinese equities."

 

[ROE]

China solve their stock market problem
they switched red to green, if stock now fall on the China Stock market it is green instead of

 

[CanOz]

Let's hope the next order from State Asset Administration is not - "Sell your Sydney apartments and buy Chinese equities."

We've got a house hunting trip scheduled for end of the month, perhaps they could organise it in time for that?

 

[notting]

We've got a house hunting trip scheduled for end of the month, perhaps they could organise it in time for that?

Dude, head for Greece!!!!! :luigi:

 

[waterbottle]

China Trading Halts Leave 43% of Entire Stock Market Frozen" Bloombergs as read on http://finance.yahoo.com/;
that is a sizable chunk indeed, wonder what is still trading?
CanOz any news as seen from the floor?(I assume you are on Mainland China?)

I remember shorts being banned on the ASX during the GFC, but this is pretty different... Has anyone encountered anything similar in other markets? What was the outcome?
I guess they can halt trading in 100% of stocks and that would ensure 'stability' :

 

[skc]

I remember shorts being banned on the ASX during the GFC, but this is pretty different... Has anyone encountered anything similar in other markets? What was the outcome?
I guess they can halt trading in 100% of stocks and that would ensure 'stability' :

I read an article basically saying that, some companies have halted trading in their shares because the owners have, during the bull run, used their holding as collateral for loans.

More falls in the stock price will put them in margin calls and they will be forced to dump.

So there can only be one outcome when the suspensions end... and it's not likely to be up!!

 

[Trembling Hand]

I remember shorts being banned on the ASX during the GFC, but this is pretty different... Has anyone encountered anything similar in other markets? What was the outcome?
I guess they can halt trading in 100% of stocks and that would ensure 'stability' :

Most markets have some sort of limit down amount on stocks and futs. But this is being handled about as bad as it could be. If you did have holdings in stocks that still are trading you would be thinking of pulling out now while you can.....

 

[notting]

But this is being handled about as bad as it could be. If you did have holdings in stocks that still are trading you would be thinking of pulling out now while you can.....

Knock Knock. "You Mr.Trembling Hand?"

"Why, Yes?"

"Come with me."

"But, OUCH."

"NOOOOOO BUT!!!"

 

[satanoperca]

Come on China, just rip that band-aid off quick and release all stocks suspended and get it over and done with.

Torture is less painful if it is down quick and fast, rather than slow and prolonged.

Tomorrow will be another day of taking a big breath of air before the next dive down.