CSRC Media Spokesperson Claims Recent Caijing Article Not True

CSRC Media Spokesperson Claims Recent Caijing Article Not True
China Securities Regulatory Commission media spokesperson Zhang Xiaojun recently announced that an article in Caijing Magazine about the CSRC researching how to stabilize the withdrawal of funds was not true, and that the CSRC’s next step will be to stabilize the market and reassure the people.Netizens did not seem to agree with the CSRC, and the most popular comment said “Thank you to Caijing Magazine for reminding shareholders to run away!”.
Source: Sina

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  • DD Bear!

    what i lost almost all get back, now i feel so much better!

  • Foreign Devil

    In USA the government chose to bail out the banks and major corporations like Ford Motors. . in China during a financial crises they bailed out the regular people who were all losing everything in the stock market. In this case Chinese government is better than US government.

    • Bman

      Did they ‘bail out” someone? I think they just made efforts to stop spooked people from selling their stocks.

      • Foreign Devil

        THey stopped major shareholders from selling. . injected billions into buying up stocks to lift up the markets among many other interventionist measure. Similar to the 2008 US bailout, they did not let market forces play out.

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