Peak Desperation: China Bans Selling Of Stocks By Pension Funds
by Tyler Durden
ZeroHedge.com
07/06/2015
What do you do when two policy rate cuts, $19 billion in committed support from a hastily contrived broker consortium, and a promise of central bank funding for the expansion of margin lending all fail to quell extreme volatility in a collapsing equity market? You ban selling.
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