Chinese authorities are now opening an investigation into illegal short-selling, which prompted hilarity on Twitter. The order for majority stake shareholders to refrain from selling also prompted an interesting question.
First, the news:
#ChinaStocks illegal trading? Police, security regulator probe short selling-related clues amid market rout pic.twitter.com/dtuJN0Ttls
— China Xinhua News (@XHNews) July 9, 2015
Then, the reactions:
“I shorted” pic.twitter.com/Q3FzGh7gVC
— zerohedge (@zerohedge) July 9, 2015
Like OJ pledging to find the real killers… https://t.co/4CpkjBcXEp
— Japhy (@japhychron) July 9, 2015
And then a question from a curious China watcher:
Sorry for the dumb question. But if Beijing is telling people not to sell stocks, how can one buy?
— Tai Hui (@ctaihui) July 9, 2015
Photo by Michael Mandiberg via Flickr.