Short selling of shares by foreigners is not to blame for China’s stock meltdown, according to a new study of official figures by financial data firm Markit.
Undeterred by another market crash, China Railway Signal and Communication yesterday began to tap investors for its initial public offering in Hong Kong.
A recovery in Hong Kong's stock market yesterday may be a classic dead-cat bounce, with investor sentiment clearly risk averse despite a fresh flurry of edicts from mainland regulators designed to soothe investor fears of an unstoppable slide in the country's stock markets.
Welcome to SCMP.com's live coverage of China's stock market chaos here's how todays trading unfolded. China's market rebounded to finish higher while Hong Kong finished strongly as the weeks-long rout in equities seems to slow down for now. As before, we'll be bringing you updates as they happen on price levels, the biggest fallers and gainers and other key trading data, as well as breaking news and expert opinion on key developments.
Beijing has reined in the pace of raising funds in the mainland's initial public offering market after Shanghai's benchmark stock index posted its worst three-week performance in almost a quarter of a century.
A series of lifelines from Beijing failed to stop the slide in the mainland's stock market on Thursday, with the key Shanghai Composite Index closing below the critical 4,000 mark for the first time in almost three months.