China enterprises Exchanges: Massive price falls on China’s stock exchanges – THE WORLD

Photo: AFP China’s stock exchanges descent

Despite numerous government intervention to fight the Chinese stock markets to continue a downturn. The stock market in Hong Kong lost on Wednesday afternoon (local time) 7.35 percent and lost over 1800 points. The Shanghai Stock Exchange closed with almost six percent in the red after they had temporarily been lost more than eight percent during the day. The stock market in Shenzhen fell by 2.5 percent.

The Chinese stock markets look at for a long time faced with massive losses. The Shanghai Stock Exchange lost in less than a month more than 30 percent of its value.

Even new measures of the government in Beijing could not stop the decline on Wednesday. Thus, the authorities eased the rules on share purchases by insurance companies that are now allowed to put significantly more money into the market. In addition, a program has been created to buy up securities of small companies. Given the losses, according to the Bloomberg news agency, the shares of 1249 companies were suspended from trading.

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