The Chinese stock market is just a joke. Only institutions make money by shorting, and the entire army of retail investors is destroyed
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三和巴菲特 : Chinese stocks are not allowed to be shorted
KingNY-Life OP 三和巴菲特 : Agencies can
三和巴菲特 KingNY-Life OP : After a while, I proposed to amend this law
KingNY-Life OP 三和巴菲特 : Brother quickly mentioned it, haha
102559790 : it is really a joke. china stock exchange's goals has been how to enable listing of companies that need financing. they dont give a damn whether the listed firms did tricks to snook the retail investors. ...sometimes even institutional investors also loss money. And the worst is, CCP from top to bottom adopt silly measures...eg disallow net selling of selected fund managers . how come these people can implement such measures...which they think reduce selling ...but actually induce more selling.
102559790 : Recent year is the first time authorities say and do all kinds of measures to boost confidence...but the market simply not responding...obviously the market knows authorities bullshitting. THe only way to save the market is the authorities lead the way to buy the shares.