Try as it might, the Chinese government was unable to arrest the decline in the domestic stock market last week. The central bank cut benchmark interest rates and the amount of money banks must keep with it on reserve. A government investment vehicle made it known that it was buying ETFs. The securities regulator eased regulations on margin trading and the Stock Exchange cut transaction fees. Despite this, the benchmark Shanghai Composite Index declined 12% over the course of the week, bringing the total decline since June 12th to more than 28%.
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“The financial district in Shenzhen, China. The Shenzhen Connect launched on Monday, linking the city’s stock exchange to the Hong Kong Stock Exchange.”
http://www.investors.com/stock-lists/global-leaders/china-marches-ahead-with-stock-market-reforms/
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