China's Stock Market: Can Beijing Keep It Steady?
1 Bloomberg Financial database.
2 Mark Magnier and Jeremy Page, “China’s President Faces Rare Backlash,” The Wall Street Journal, July 9, 2015.
3 The Shanghai Index is capitalization-weighted index of stocks that tracks the daily price movement of all shares on the exchange, including A shares, which are available only to local investors, and B shares, which are available only to foreign investors.
4 Bloomberg Financial database.
5 See, “Lessons of China’s Crash,” editorial, The Wall Street Journal, July 8, 2015.
6 See, “China Crisis: Collapse May Be Correction to Classic Bubble,” The Irish Times, July 8, 2015.
7 The Shenzhen Index is a market-capitalization weighted index of stocks that tracks the daily price movement of all the shares on the exchange, including A shares, which are available only to local investors, and B shares, which are available only to foreign investors.
8 Bloomberg Financial database.
9 See, Jane Wardell and Kate Holdton, “China’s Rich Seek Shelter from Stock Market Storm in Foreign Property,” Yahoo News, July 10, 2015.
10 Magnier and JPage, op. cit..
11 Bloomberg Financial database.
12 Magnier and Page, op. cit.
13 Bloomberg Financial database.
14 Index Mundi database, www.indexmundi.com.
15 See, Holger Schmieding, “China’s Casino Moment,” The Globalist, July 9, 2015.
16 Chinese government website.
17 U.S. Treasury website.
18 Chinese government website.
19 See, Greg Earl, “Asian Markets Squeezed Between China Crisis and Good Economic Management,” Australian Financial Review, July 8, 2015.
20 See, Alstair Ford, “China Crisis? Not Quite, but Clouds Are Gathering,” Proactive Investors Newsletter, July 10, 2015.
The opinions in the preceding economic commentary are as of the date of publication, are subject to change based on subsequent developments, and may not reflect the views of the firm as a whole. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general. Nor is it intended to predict or depict performance of any investment. This document is prepared based on information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy and completeness of the information. Consult a financial advisor on the strategy best for you.