“According to company filings to the exchanges Saturday evening, 10 companies will suspend IPOs on the Shanghai Stock Exchange and 18 will do the same at the Shenzen Stock Exchange. The move was ordered at a meeting of the State Council, China’s cabinet, and will be enforced by the China Securities Regulatory Commission, the financial magazine Caijing reported on its website on Saturday, without saying how it obtained the information or how long the planned freeze would last. The People’s Daily, the official newspaper of China’s ruling Communist Party, urged investors to stay calm. Moves to stabilize the market take time to transmit, the paper said on Weibo.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Jim Rogers: An 'even worse catastrophe’ is coming
St. Paul to pay $50K to man who claimed police assaulted him
Investors hungry for riskier bonds
Gallup Sued By DOJ After Unfavorable Obama Polls, Unemployment Numbers
U.S. steps up Pakistan surveillance: ‘black budget’ analysis
Bank of Israel governor: Iran strike spells economic crisis
9/11 Commission leaders push for changes in US terrorism fight
The cost of being the world's No.1 uranium producer
South Korean Activists Send Leaflets to North Korea
Fund manager Ned Goodman ditches bank stocks for gold
India monitors BlackBerry emails without encryption codes?
Manufacturing of Zeppelins temporarily shut down sausage makers in World War I
AMR expects about 4,400 job cuts, warns 11,000
Jim Rogers: Biggest Event of Next 10-20 Years Just Happened in China
Ex-NSA official Thomas Drake on Snowden and the U.S. spy leviathan