(Bloomberg Opinion) — In the past, Beijing has responded to wild swings in its stock markets with regulatory crackdowns. This time is likely to be different. That’s why investors should see gyrations as wide as 3,000% in shares on Shenzhen’s ChiNext market as a sign of emerging maturity.The 18 companies that made their trading debuts on the Nasdaq-like board last week rose an average of 200%, under revamped rules that remove limits on price moves for newly listed stocks. Previously, shares were restricted to a maximum increase of 44% or a decline of 36% on their first day of trading. …read more
Source:: Yahoo Finance
