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ukle posted:They have extended the banning of selling of more than 1% of shares by another 3 months, so it doesn't end tomorrow as expected.
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Jan 7, 2016 08:20
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Grouchio posted:Which will have the effect of.....? Not causing it to crash every day next week. Instead it will keep doing this roller coaster of crashing on the odd day.
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Jan 7, 2016 08:23
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They've destroyed their stock market with these regulations. Why would anybody buy in the future if they can't sell when they need their money? Doesn't the CPC realize how bad this looks? This is some amateur level poo poo, like something I would expect from Venezuela or Zimbabwe.
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Jan 7, 2016 08:31
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Yeah, I'm not an economist, but isn't the value of a stock share you can't sell $0?
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Jan 7, 2016 08:40
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Ratoslov posted:Yeah, I'm not an economist, but isn't the value of a stock share you can't sell $0? Well unless it's issuing dividends.
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Jan 7, 2016 08:44
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quote:The Chinese CSI 300 only traded for a total of 14 minutes today before it hit its 7% limit down and trading was halted for the day. The market was halted for 15 minutes after losing 5%, but in that 15 minutes all that happened was traders just fed the market with more sell orders so that as soon as the market reopened it very rapidly hit its 7% limit down rule for the day. http://www.macrobusiness.com.au/2016/01/asx-at-the-close-596/ Bip Roberts posted:Well unless it's issuing dividends. Lol dividends from Chinese companies.
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Jan 7, 2016 09:09
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ukle posted:They have extended the banning of selling of more than 1% of shares by another 3 months, so it doesn't end tomorrow as expected. 1% a day (probably not) or 1% over the next three months?
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Jan 7, 2016 09:32
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ukle posted:They have extended the banning of selling of more than 1% of shares by another 3 months, so it doesn't end tomorrow as expected. Doing a really good job of making sure nobody ever invests in the Chinese stock market again since this is basically confiscating money.
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Jan 7, 2016 09:39
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And to think I used to think the CCP had some idea of what they were doing. A long term economic plan, no less! (Reference will only be understood by Uk goons) Now I think it's just the same poorly informed politicians making panicy decisions on the fly that we have.
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Jan 7, 2016 12:08
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When was the loss limit cut to 7%? I thought the daily limit was 10% back in July.
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Jan 7, 2016 13:57
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hypnorotic posted:They've destroyed their stock market with these regulations. Why would anybody buy in the future if they can't sell when they need their money? Doesn't the CPC realize how bad this looks? This is some amateur level poo poo, like something I would expect from Venezuela or Zimbabwe. Where else can Joe Zhang put his money? Over inflated property? Loan sharking?
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Jan 7, 2016 15:30
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TheBuilder posted:Where else can Joe Zhang put his money? Over inflated property? Well....yes. And they do.
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Jan 7, 2016 15:31
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The csrc has'suspended'the circuit breaker rule. Uh what does that mean
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Jan 7, 2016 15:42
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This really goes to show how terrified the Chinese government is of a repeat of t-square once the economic part of the bargain goes away.blueyedevil posted:Oh c'mon. I'm an eternal optimist and even I agree that China is in for some rough turbulence, economically, socially, and politically. And no, it's not the rosiest of pictures right now. But the constant, repetitive, and uncreative circle jerk that "China is hosed", the country is doomed, the economy will fail etc etc is hyperbole. Maybe the hyperbole and fantasy is sarcastic and simply going over my head? Help me out here. They are going through a housing crisis that is going to make the US's look like a small market correction, along with needing to deal with an utter mass of really bad poo poo like completely uncontrollable pollution, massive population imbalance and so on. What exactly do you think is hyperbolic here? If the picture was as good as you are painting we wouldn't be seeing these actions by the CCP, these are moves of utter desperation- I'm not sure you quite understand how much cash they are burning on a bubble that is going to blow up anyway. Except when it does they will have already exhausted the tools needed to mitigate the bursting. hypnorotic posted:They've destroyed their stock market with these regulations. Why would anybody buy in the future if they can't sell when they need their money? Doesn't the CPC realize how bad this looks? This is some amateur level poo poo, like something I would expect from Venezuela or Zimbabwe. Yep, it's like Venezuela believing you can fix poverty by setting prices. Woops now the stores are empty and you have a huge black market. Prosperity doesn't come by government fiat.
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Jan 7, 2016 15:48
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Cultural Imperial posted:The csrc has'suspended'the circuit breaker rule. Uh what does that mean You gotta love how they're making and taking down trading rules on the fly.
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Jan 7, 2016 16:05
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Cultural Imperial posted:The csrc has'suspended'the circuit breaker rule. Uh what does that mean It means the circuit breaker wasn't giving them enough time to artificially pump the market back up after the initial drop.
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Jan 7, 2016 16:45
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Cultural Imperial posted:The csrc has'suspended'the circuit breaker rule. Uh what does that mean It means tomorrows market is going to be F.U.N. No 5% and 7% limits. I assume they will have a circuit breaker, just one that is not so set in stone at a stupidly low level. So if it drops 15% expect them still to close the market, but that's the same as any other market does.
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Jan 7, 2016 16:45
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At this point in time you're literally giving money to the CCP with little chance of ever seeing it again if you invest in the Chinese markets. They've somehow managed to take the concept of a Potemkin village to its logical conclusion, an entire Potemkin country.
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Jan 7, 2016 17:21
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SHCOMP doesn't really have much to do with the success or failure of the Chinese companies involved, really. What's more worrying is the manufacturing data (Caixing/Markit) that caused the investors to sell in the first place.
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Jan 7, 2016 17:36
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Good point. I think yuan valuation is also the major problem here.
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Jan 7, 2016 18:02
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Anyway to sail a naval force down the Juma River and secure the trades Beijing feels they can just lock people out of?
Nonsense fucked around with this message at 18:31 on Jan 7, 2016 |
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Jan 7, 2016 18:17
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How long will it take for the market to descend to 2000? Think it will find some equilibrium down where its actual real value lies?
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Jan 7, 2016 18:29
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Freezer posted:You gotta love how they're making and taking down trading rules on the fly. They actually planned this from the beginning of the week, which, uh, in light of this week. The natural value of the Composite is probably somewhere around 2400 or so. Have at it guys (but if sales are so restricted, what then?)
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Jan 7, 2016 18:30
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blueyedevil posted:How long will it take for the market to descend to 2000? Think it will find some equilibrium down where its actual real value lies? If they stop putting government money in the market and uncap the amount the market can crash before they shut it down for the day: Real Quick. Without any government support structure it's pretty much immediately Black Tuesday 2. If they stay the course trying to keep things afloat as long as possible: Check in this time next year and maybe there will be something to say on it.
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Jan 7, 2016 19:01
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Sooooo... what happened to those pensions that were getting invested in the Chinese stock market?
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Jan 7, 2016 19:54
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Adventure Pigeon posted:Sooooo... what happened to those pensions that were getting invested in the Chinese stock market? Woooosh
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Jan 7, 2016 19:58
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I haven't seen any updates on Banana Cart Man in a while is he still okay?
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Jan 7, 2016 19:59
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Here's a stupid, ignornant question from a clueless goon: Do American investment banks have any exposure to the China markets? Foreign investment is "restricted," but how much US money makes it into China stocks and bonds anyway?
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Jan 7, 2016 20:46
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Cultural Imperial posted:The csrc has'suspended'the circuit breaker rule. Uh what does that mean I think it just means they are willing to try whatever. That can be terrifying or comforting depending on your point of view. Edit: is this the point where we realize that the government is no longer in complete control and are just winging it?
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Jan 7, 2016 21:14
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Close to a third of all Chinese hedge funds are near their mandatory liquidation point due to poor performance. Expect sell offs tomorrow. http://www.bloomberg.com/news/articles/2016-01-07/chinese-hedge-funds-face-forced-sales-as-top-manager-plans-exit
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Jan 7, 2016 21:30
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LegoPirateNinja posted:Here's a stupid, ignornant question from a clueless goon: Do American investment banks have any exposure to the China markets? Foreign investment is "restricted," but how much US money makes it into China stocks and bonds anyway? Not much. I think I heard earlier China represents 7% of our exports or about 1% of our GDP. Some funds are more exposed than others, just like some companies are. It's probably going to suck for Boeing, Apple, and GM since I think all of them have lots of business in China or were counting on the Chinese to grow their markets. The countries that are boned are places like Brazil that were exporting huge amounts of raw materials to Chinese factories.
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Jan 7, 2016 21:56
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The reason I ask is a Goldman VP made a video in March 2015 saying he was "confident" in China, which I take as a bad sign.
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Jan 7, 2016 22:02
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LegoPirateNinja posted:The reason I ask is a Goldman VP made a video in March 2015 saying he was "confident" in China, which I take as a bad sign. That was a long time ago and I think capital has been steadily leaving developing countries as growth slows and the US started to recover.
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Jan 7, 2016 22:08
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Tomorrow is going to be so nuts, wow.
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Jan 7, 2016 22:43
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Now how WILL this affect the US economy?
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Jan 7, 2016 22:48
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A bit of PYF "rise of the Chinese dragon" "BRICS domination" or whatever. http://www.zerohedge.com/news/2015-05-21/october-world-will-change-china-preparing-something-big ZeroHedge posted:The winds of change are blowing and the Chinese will soon be taking the helm of the global economy. They know a major event is coming and they have been preparing for it by acquiring the one asset that has survived the test of time as a mechanism of exchange. that asset is gold MothraAttack fucked around with this message at 23:12 on Jan 7, 2016 |
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Jan 7, 2016 23:10
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Grouchio posted:Now how WILL this affect the US economy? The stock market is going to take a hit, given that some American companies were counting on Chinese growth to boost their bottom line (e.g. Apple, which dropped 4.3% today, and is down nearly 10% for the week)
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Jan 8, 2016 00:09
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Grouchio posted:Now how WILL this affect the US economy? Next to no real impact, but Canada will take a beating and can cause some actual impact to the US economy.
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Jan 8, 2016 00:42
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I'm not sure why anybody thinks that Chinese businesses themselves are doing OK when about a year ago there was a scandal where the Chinese regulators were refusing to allow the release of financial information to the SEC for Chinese firms that had reverse triangular mergered their way in, with the SEC threatening to sanction the Chinese arms of the Big 4 accounting firms as well as said entities. I don't think the Chinese government was suppressing the financial details because these firms were the next Google...
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Jan 8, 2016 00:44
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In software we have the term "technical debt" when you do something incorrectly, maybe you rush it, and then you will pay the debt you created along a long time, in mantenance, in poor service, with it breaking too often. I think the reason china is a dubious economy is that they have something similar, but I want to call it "ethic debt". Theres more cost for corruption than inefficiencies, your smart people get tired of tryiing to make your country a better place and move to something else or maybe somewhere else. Imho
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Jan 8, 2016 00:58
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