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China's stocks fell for six straight days on December 14th,
dropping to its lowest level in 33 months.
Shanghai and Shenzhen stocks also fell to the lowest level on
December 15th.
From January to September 30th, Shanghai and Shenzhen
stocks have evaporated 3.38 trillion RMB (US$0.53 trillion), nearly 90% investors lost money.
Comparing with the 10 times rising price of the estate,
China shares dropped sharply, and the investors lost money dramatically over the last 10 years.
On Dec. 15th, China A-share again fell to its all time low
record which last happened ten years ago,
and the benchmark index fell to the lowest level in 33 months.
The Shanghai Composite Index fell 2.14% at 2180.90 points,
down 47.62 points;
Shenzhen Composite Index fell 2.44% at 8871.09 points,
down 221.94 points.
A-share stock dropped to a 3-year low, and ten year
shareholders not only has zero profit but negative growth.
"Southern Metropolis Daily" published an article titled
"A Ten-Year's Dream, the Stock Market Returns to the Point Ten Years Ago Yesterday" on its front page on Dec. 14th.
Shanghai Composite Index closed at 2248.59 points,
which is the same point on June 14, 2001.
But in the same period, GDP increased from less than
From 10 trillion to nearly 40 trillion,
housing prices in Shanghai and Beijing increased
more than 10 times.
So, the stock market is totally different from
the real estate market.
Is a ten-year stock market nothing but money making scam?
"Yangzi Evening Newspaper" surveyed nearly 4,000 investors
recently, and found 87.26% of them lost money this year.
37.37% lost more than 10% and 49.89% lost less than 10%.
The evaporating speed in the Shanghai and Shenzhen markets
are shocking.
"Beijing Daily" reported that the Shanghai and Shenzhen
markets' value has evaporated 3.38 trillion RMB this year,
which equals 11.15% of citizen's savings in all of China.
In fact, China's A stock is the worst stock index in the world
this year.
It's reported that due to the debt crises, the French CAC,
British FTSE 100 and German DAX decreased 16.53%, 5.98% and 13.3% in this year.
In the U.S., the Dow Jones has even had about a 4% increase.
In Japan, with the impact of the tsunami and nuclear radiation,
the stock price decreased about 15%.
But China's A-share decreased 19.92% in Shanghai's market,
and 25% in Shenzhen's market.
Some comments pointed out the reason why China's stock
market is so absurd is due to Listed Companies treating the market as an ATM machine.
After the enterprises profited from the stock market, they
stopped to develop their business.
They hedged bad debts, and made money from the over-issue.
So, China's stock market is not just a policy market, but is
a second central bank which issues stock like printing cash.
Zhang Houqi, the deputy general manager of "China Fund"
blasted A share via micro-blog.
During the execution, there's corruption, rat trading, price
manipulation, insider trading in the Private Equity of A share.
China Securities Regulatory Commission unveiled that
Guangdong Hanson used the "Grab the Hat" technique to manipulate the market,
which cumulative amount is 57.176 billion RMB,
and their illegal income is 426 million RMB. It's a new record in the A share market.
In another rat trading case, Li Xuli and Xu Chunmao
are managers of the "Star Fund."
They used their positions to get 10 million and 2.09 million
RMB illegally.
More serious is the Initial Public Offerings (IPO) reform,
which launched in 2009.
During these 2 years, there were 724 new-comers in A-share
companies, and they raised nearly a trillion RMB.
252 companies raised IPO this year,
but 55 of them, or 21.8% of them, had a decreased net profit in the first 3 quarters.
Chinese investors commented that the CCP regime is the No.1
corrupt government.
It said all good words in last decade, but did all bad things.
NTD Reporters Song Feng and Li Ruolin
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我破产了
fsis65 2 months ago