Chinese regulatory acts are market killers...

China's market regulator Securities Regulatory Commission has reportedly prohibited  major defined as those with stakes of more than five percent -- company directors, board supervisors and senior executives.shareholders and executives of listed companies from selling their shares for the next six months.

This diktat applies to big" shareholders .  The psychological impact on the market is  tremendous. It has shut off selling and thus smothered any market activity. Investors are holding scrips which may be falling in value and they cannot sell at the best available price. Liquidity of shares, essential characteristic of an equity market is being virtually given a go by! 

The regulatory panic is understandable  given that there were  trading halts in  more than 1,300 companies - nearly half of mainland listings -  but the remedies may artificially and temporarily stem the tide but cannot induce confidence. 

Australian economy will be among the first to be dented to be closely followed by Singapore by a Chinese crash. These economies' exposure to Greece is negligible but Chinese interests are huge into these economies. Any climb-back by respective currencies/ stock markets has to be transient.

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