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finance

Chinese Stock Market

Be careful if you invest much money in Chinese stock market. You must have realized, that the Chinese government is the biggest stock player overall. It sacrifices the stability to the stock market. Thx.

In the last months, Chinese stock market experienced a BOOM. It was said, who plays the stock in China will win money immediately! According to this saying, we also invested some money. The result was quite pleasing. But after the 2 measures which was carried out, our profit was nearly ZERO. After all it's better than others who have already minus in account.

1.
Last month, one statistic showed that the money in stock market is overwhelmed the money in banks in China. So the government had to take some actions! It raised the interest in bank. And this caused a little bit damper in the stock market, but which is not enough.

2.
Yesterday, government tripled the transaction stamp taxes to 0.3 percent. The Chinese stock market fell from 4300 to 3850!

Haha, well done~~ cheers!!

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