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China escalates emergency stock market intervention
(UK) Telegraph ^ | January 6, 2016 | Mehreen Khan

Posted on 01/06/2016 11:00:43 AM PST by Zakeet

Authorities buy shares, inject liquidity and extend selling ban in the wake of renewed stock turmoil

Chinese authorities have escalated their market intervention in a bid to prop up stocks after $590bn was wiped off shares on Monday.

Beijing's state-owned financial institutions hoovered up shares, and regulators extended a selling ban on major companies, to quell investor fears after a tumultuous start to 2016 trading.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: china; crash; economy; stockmarket

You Freepers don't need to worry cause Old Yellen and Obozo will keep things under control here!

1 posted on 01/06/2016 11:00:43 AM PST by Zakeet
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To: Zakeet

China

Killed tens of millions over the last 75 years.
Killed a generation of women.
Entire structure of economy and government full of corruption.
Marxist economic model.

What could go wrong?


2 posted on 01/06/2016 11:03:52 AM PST by lurk
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To: Zakeet

This is Hollible!


3 posted on 01/06/2016 11:03:59 AM PST by Cowboy Bob (With Trump & Cruz, America can't lose!)
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To: Zakeet

you can only buy but you can’t sell ? Obama will try that next month


4 posted on 01/06/2016 11:04:11 AM PST by butlerweave
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To: Cowboy Bob

When you prop up Chinese stocks, an hour later they need propping up again.


5 posted on 01/06/2016 11:11:11 AM PST by Larry Lucido
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To: Cowboy Bob

No egg lorr for yoo!


6 posted on 01/06/2016 11:17:33 AM PST by stephenjohnbanker (My Batting Average( 1,000) since Nov 2014 (GOPe is that easy to read))
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To: Zakeet

They have copied us well.


7 posted on 01/06/2016 11:20:26 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Larry Lucido
“When you prop up Chinese stocks, an hour later they need propping up again.”

And the best part is the fortune cookie you get after wards.

The Chinese government is now giving ones out that say:

“You will make a small fortune with your shrewd investing”

They forget to say that the investor started out with a LARGE fortune.

8 posted on 01/06/2016 11:22:03 AM PST by HereInTheHeartland
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To: lurk

Communist Stock Market is an oxymoron.


9 posted on 01/06/2016 11:25:12 AM PST by Buckeye McFrog
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To: Buckeye McFrog

Yet that is where US companies want to send jobs, technology and money.


10 posted on 01/06/2016 11:31:30 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Zakeet

Bump for reference.


11 posted on 01/06/2016 11:49:56 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Zakeet

All your shares are belong to us.


12 posted on 01/06/2016 11:51:43 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Larry Lucido

Excellent.


13 posted on 01/06/2016 12:54:23 PM PST by skimbell
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