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China regulator vows to stabilise market after stocks hit 5-year lows

From channelnewsasia.com

China's securities regulator vowed to prevent abnormal market fluctuations, after Chinese stocks plunged to five-year lows, but announced no specific measures. The watchdog also said it will crack down on ill-intended short selling, attract more investment by long-term capital, and earnestly listen to investors' voices. China's blue-chip CSI300 Index tumbled nearly 5 per cent last week to the lowest since early 2019, amid signs of panic selling and forced liquidation of leveraged trades. The market sell-off led many Chinese investors to vent their frustration and anger via social media, including a blog account of ... (full story)

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  • Category: Fundamental Analysis