
“Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading. Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses. The suspensions have locked up $1.4 trillion of shares, or 21% of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.”
Related posts:
Obama's Ex-Secret Service Agent: It's Not Gun Control... It's People Control
French doctors stand trial for covering up deadly radiation overdoses
A Day in the Life of Cameron and Tyler Winklevoss
Germany's top publisher bows to Google in news licensing row
Christie administration files suit against 8 businesses accused of price gouging
Debt crisis: France puts brakes on austerity
Speeding Ticket in Finland Costs Businessman $58,000
Apple pioneer Steve Wozniak one step closer to becoming Australian
Russia to deploy ‘star wars’ defense system in 2017
Credit Suisse faces $1.2-billion US penalty over taxes
CIA 'mistakenly' destroys copy of 6,700-page US torture report
Lawyers say case against Kim Dotcom threatens Internet freedom
Anti-gun police force robbed homeless people, resold confiscated drugs
China's new $16bn gold fund at centre of new 'Silk Road'
Venezuela's airport 'breathing' tax