Stalemate: Ten Thousand Whys of the Chinese Stock Market

Author: Shi Pi
Publisher:
Publish Date: 2005-01-01
Features: For the vast majority of Chinese stock investors, whether to sell their stocks or not is a dilemma. Selling means cutting losses; not selling means a long wait to break even. What else is it but a stalemate? For the Chinese stock market, the 1500-point level was once the top before 1999, but now it has become the value center. The lowest point is visible at 1300, the highest at 1700, and the 2245-point level is within sight but out of reach. What else is it but a stalemate? For the regulators, before 1999 they feared excessive growth, and after 1999 they feared excessive decline. Excessive financing has replaced excessive speculation. The unresolution of the split-share structure is not feasible, but solving it immediately is also not feasible. What else is it but a stalemate? Stalemate has become a normal state of the Chinese stock market.