NEWSpublisher 2007 :: AngloChinese Investments
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» 23/07/2009 [Company watch]
China Aoxing Pharmaceutical Corp. Receives Renewal of GMP Certification for Capsule Dosage Form of Pharmaceutical Products
» 15/03/2010 [Industry news]
Recordati S.p.A And Lee Pharmaceutical Announce Partnership For Zanidip(R) In China
» 26/10/2009 [Finance]
China Growth to Remain Fast in Fourth Quarter, Official Says
» 17/08/2009 [Industry news]
Chindex Posts Profit on Product Sales, Health Services
» 07/05/2010 [Industry news]
Hong Kong: Recall of all products manufactured by Quality Pharmaceutical Lab Ltd
COMPANY NEWS » Finance back to previous page show list
»04/06/2007 [Finance]
Biggest fall in China's shares in a single day

China's stock market recorded the biggest ever one day fall. Despite this other markets around the world remained unaffected, with some actually recording rises. The CSI 300 index dropped almost 8% caused tthey say by Government warnings and their recently imposed trebling of stamp duty on share trading.

 

The CSI index has risen by almost 70% this year.  Nevertheless this has not stemmed the tide of ordinary Chinese people buying shares.  The imposed stamp duty increase will net the Chinese Government around $40Billion at current levels.  Stock market regulations have meant companies must suspend trading if the share value fluctuates by a total of 20% in any 3 consecutive days.  This policy has recently been suspended as unworkable.

Analysts in the UK and Asia comment that investors in Hong Kong, Australia, where the markets increased on Monday expect the China bubble to burst and acknowledge that there will be a negative impact on the value of all China related businesses.


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