Newsgroup: it.politica.internazionale
Titolo: Retail investors bear brunt of China’s stock rout

http://www.ft.com/intl/cms/s/0/7a5341ce-2476-11e5-9c4e-a775d2b173ca.html?siteedition=intl#axzz3f7RiFkq2
 
 
July 7, 2015 10:39 am
Retail investors bear brunt of China’s stock rout
Gabriel Wildau in Shanghai
 
A blue-chip stock soars like a rocket then plummets to earth. A young 
woman posts an increasingly desperate series of messages on social 
media. Tragedy is averted by police in an eleventh-hour rescue.
The worlds of financial speculation, social media drama and online 
surveillance collided last week with the foiled suicide of a distraught 
woman who had invested her family’s wealth in CRRC, the state-owned 
train maker.
 
“I put all my family’s money into CRRC. Two months of torment and every 
minute of it was pain. Tomorrow I will leave, carrying a lifetime of 
suffering with me!” the woman wrote on June 25. The post received more 
than 20,000 comments.
 
According to Guangzhou Daily, police tracked the woman down after seeing 
her posts on Weibo, China’s equivalent of Twitter. The paper said she 
had invested Rmb650,000 ($105,000) of her own money and Rmb400,000 in 
borrowed funds, before losing 40 per cent of her investment.
 
Formed from the merger of two competing trainmakers, CRRC shares rose 
from Rmb6.4 at the end of last year to a peak of Rmb39.4 on April 20, 
before sliding back to Rmb17.8 by Tuesday’s close.
 
The company became a darling of speculators because it combined two 
popular investment storylines that were fuelling sales of so-called 
“concept stocks” during China’s seven-month market boom.
 
One was reform of state-owned enterprises, which was expected to unlock 
value from stodgy, uncompetitive groups. The other was President Xi 
Jinping’s ambitious “Silk Road” plan for infrastructure links connecting 
China with Central Asia, the Middle East and Europe, which investors 
believed would boost demand for rolling stock.
 
Yet analysts say the idea to consolidate China Southern Rail and China 
Northern Rail into a single company reflects a vision of reform that 
sees the creation of ever-larger companies and reduction of “malignant 
competition” as the key to raising efficiency at SOEs. Critics say the 
state sector needs more competition, not less. As for the New Silk Road, 
not one foreign rail contract has been signed under its auspices.
Such objections to the investment narratives underlying demand for 
“concept stocks” were mostly lost on unsophisticated retail investors. 
State media cheerleading for the stock market played to patriotic 
sentiment, arguing that the rally was an endorsement of Mr Xi’s economic 
policies. That probably appealed to the woman in Guangzhou, whose Weibo 
handle translates as “Lover of the Spratlys”, a reference to disputed 
islands in the South China Sea over which China claims sovereignty.
 
It is unclear how Guangzhou police first became aware of the woman’s 
distress call but there are signs that authorities are closely 
monitoring social media as part of their broader effort to ensure that 
the plummeting stock market does not lead to social instability.
 
Market turbulence in China tests Xi’s reform agenda
Xi Jinping, China's president, arrives on stage to deliver a speech at 
Seoul National University in Seoul, South Korea, on Friday, July 4, 
2014. Xi and his South Korean counterpart Park Geun Hye said they won't 
tolerate the development of nuclear arms on the Korean peninsula and 
called for a revival of disarmament talks with North Korea.
 
Until late last month, Chinese local media had eagerly reported tales of 
suicides by “equity citizens” — a Chinese phrase used to describe retail 
investors — many of them unconfirmed. Propaganda authorities have since 
instructed news outlets to stop reporting these incidents, two 
journalists told the Financial Times.
 
Over the weekend, authorities arrested a man who allegedly spread 
rumours online about suicides in Beijing's financial district in 
response to the stock market rout.
 
Yet Lover of the Spratlys’s plight is only one piece of the broader 
story of China’s stock market. For all the turmoil of recent weeks, the 
Shanghai Composite index is still up 78 per cent over a year earlier. 
For those who had the luck or foresight to lock in gains in before the 
recent tumble, times are good.
 
Mr Wang, a 36-year old lawyer for a private equity fund who did not want 
his full name published, recently bought a villa in Shanghai and traded 
his compact car for a Jaguar after cashing out of the market in May.
 
“Of course we’re jealous,” said a co-worker of Mr Wang’s wife on seeing 
the new car.
 
Additional reporting by Ma Nan
 
-- 
Namib
---
Cesó todo, y déjeme (Juan de la Cruz)
 
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povero Gabib, ridotto a gufare la Cina dopo aver visto che il suo idolo euro sta andando in frantumi. Ti è andata male ancora una volta, il Partito vede e provvede!
 

 povero Gabib, ridotto a gufare la Cina dopo aver visto che il suo idolo euro sta andando in frantumi. Ti è andata male ancora una volta, il Partito vede e provvede!
 
Eh gia'.
 
Ancora preso dalle lotte tra guelfi e ghibellini, vero camerata?
 
La narrativa e' cambiata, dillo al rabbino capo.

 povero Gabib, ridotto a gufare la Cina dopo aver visto che il suo idolo euro sta andando in frantumi. 
 
a 1.11 sul dollaro adesso.
 
appropo', voi testimoni di geova non dicevate che l'apocalisse doveva venire prima che la generazione dei nati nel 1914 fosse scomparsa?
 
quanti ne restano ancora in vita?


Il giorno martedì 30 giugno 2015 17:51:28 UTC+2, 
shylo...@hotmail.it
 ha scritto: 
 
" ci godo! yeah!!!!!!!!!! "
 
.. Questo é lo squallido individuo e il vero  .. 
shylo...@hotmail.it
 .....  che si nasconde dietro il pc
 
.. Alla domanda ... 
perché hai il cuore di pietra e non condanni questi crimini atroci ? .. 
http://sputniknews.com/news/20150327/1020114313.html
 
=Ha risposto : .. " ci godo! yeah!!!!!!!!!! "
 
Perché vuoi far passare dei criminali israeliani per vittime?
http://rt.com/news/182028-gaza-children-death-toll/
 
= Ha risposto : .. " ci godo! yeah!!!!!!!!!! "
 
Perché noi ebrei vogliamo rubare la terra dei palestinesi?
= Ha risposto : .. " ci godo! yeah!!!!!!!!!! "
 
Perché i media occidentali che noi ebrei controlliamo tengono nascosti i crimini degli ebrei di palestina?
= Ha risposto : .. " ci godo! yeah!!!!!!!!!! "
 
Le " SS " non sono sparite, infestano ancora internet.
 
Quanto soffri..... 
I comunisti dopo 75 anni hanno capito che l'URSS li prendeva per il culo.
Voi bamboccioni di mamma fanboy western sono 250 anni che li americani vi prendono per il culo.
 
Da fine 1700 li americani vi prendono per il culo quando parlano di democrazia, liberta, diritti umani mentre sterminavano  la nazione Indiana, praticavano la schiavitu la piu disumana, la segregazione raziale, le torture, utilizzavano armi chimiche, il napalm, bombardamenti spietati contro civili, aggressioni e guerre contro paesi deboli per rubare le loro materie prime... etc.. 
 

Il giorno venerdì 10 luglio 2015 08:19:09 UTC+2, 
shylo...@hotmail.it
 ha scritto:

Usi ancora il dollaro come benchmark?