Shanghai WFOE Registration Service
Shanghai Hotline:021-68877368
SHANGHAI stocks tumbled yesterday, with the key index falling the most in a month, as concerns over tight liquidity and economic growth intensified.
The market was also affected by the looming registration-based initial public offering system, which investors believe will lead to an increase in new listings and thus dilute existing shares.
The benchmark Shanghai Composite Index breached several technical supports and dropped 6.4 percent to settle at 2,741.25 points, the biggest daily slump since January 26.
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