CSRC spokesperson response to reporter question_CSRC Q: Recently, there were foreign media reports suggesting that China’s securities regulator had banned major institutional investors from share selling at market open and close, and banned institutions from shorting A-shares through stock index futures. What is the CSRC’s comment on this? A: Stock market moves on buying and selling activities. Regulatory authorities do not intervene in normal market transactions. We will protect investors’ rights to fair and unrestricted tradings, and resolutely crack down on illegal activities that disrupt market trading order in accordance with laws and regulations. Recently, the Shanghai and Shenzhen stock exchanges took regulatory measures against abnormal trading behaviors of certain institutions according to rules. These actions were taken to fulfill their trading supervision responsibilities, not limiting share selling. Moving forward, the CSRC will guide Shanghai and Shenzhen stock exchanges and China Financial Futures Exchange to improve supervisory rules on abnormal tradings, with zero tolerance on illegal activities such as market manipulation and insider trading, so as to safeguard market trading order.
???? I guess your main intention is to tell us : China CSRC spokesperson doesn't normally respond to reporter questions Perhaps it is their culture/way of life.
As the chair of CSRC changed during Feb crash, they may communicate with media/ investors more frequent :>
https://www.forbes.com/sites/brenda...f-its-best-trading-days-ever/?sh=4609fa475e6a " China Market Update: Mainland China Has One Of Its Best Trading Days EVER Brendan Ahern, Senior Contributor Feb 29, 2024, 10:25am EST ... Mainland China had one of its best trading days EVER, as 4,934 stocks advanced and only 92 declined! That represents a 50-to-1 advancer-to-decliner ratio. ... "
Trivial news. Yesterday's movement was rather small. Yesterday CNA50 day range only 1.4%. 21 Feb 2024 day range was 5.4%! Yesterday Hangseng day range only 1.8% 21 Feb 2024 day range was 3.6%
Any rally will be like the 2015-2016. It will skyrocket and crash. Communists don't know how to manage a market. All they know is show trials. There is no quick solution to a real estate crash and equity crash. These things usually end in Depressions and ultimately world wars.