“What do you do when two policy rate cuts, $19 billion in committed support from a hastily contrived broker consortium, and a promise of central bank funding for the expansion of margin lending all fail to quell extreme volatility in a collapsing equity market?  Well, you can simply ban selling, which is apparently the next step for China.  According to Caijing, the country’s national social security fund is now forbidden from selling (but is welcome to buy).  The pension selling ban comes just days after China moved to curtail margin calls in a similary ridiculous attempt to stop the bleeding by simply making selling against the rules.”

http://www.zerohedge.com/news/2015-07-06/peak-desperation-china-bans-selling-stocks-pension-funds

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