#news
Shanghai Index Plunged this June from 5,100 to 37,00 wiping out more than $3
For a currency like Renminbi, which has a strict and narrow trading band, such a slip was uncalled for. The government is now pumping hundreds of thousands of dollars back in the market to stop the rapid slumping. Shareholders with huge stakes in the firms listed on the exchange are banned from selling for the next six months. In order to bring the Shanghai stock market back up, the Government is trying all measures possible.
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