A total of 30 Chinese listed companies have said so far that their controlling shareholders or senior executives would not sell shares on the secondary market within the next six or 12 months to help stabilize China's stock market after Monday's 7 percent slump, the official Shanghai Securities News reported on Wednesday.
The market slump on Monday was partly triggered by fears that a six-month ban on share sales by listed companies' major shareholders, imposed during the height of a market rout last year, will expire on Jan. 8, unlocking an estimated 1.24 trillion yuan (US$190.23 billion) worth of shares.
Most of the 30 companies which announced extensions of the share sale ban were privately-run firms, according to the newspaper.
a very good and gainful Morning for all Bears.... dont worry bout anything else include Valuecap will be thrown away by coming TSUNAMI! KLSE Index to (1000) in next 5 weeks.
A platform discussion for STOCKS, FBMKLCI, FKLI, STRUCTURE WARRANT and HSI & CHINA index movement. Also exchange stock market information, leads , analysis & tips for insight !!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
supergeng
388 posts
Posted by supergeng > 2016-01-06 16:32 | Report Abuse
index strong as crocodile