Why didnt the stock market in USA in 2008 collapse till it collapsed? Because its just like that, sometimes it takes time, sometimes doesnt. Sometimes market doesnt care.
Also, Chinese stock market is very low in capilatisation so they can hold it easily no matter that P/E is skyhigh and half of the companies just frauds. Everyone knows it, its a casino.
Why is BABA worth 260B? I dont know but Im dead sure noone invests in the company. Only trades it. And thats enough...
... when central banks keeps pumping 100-200+ billion cash into it every month, its hard to see any drop. Check stats - "real" earned money outflow is strongest since 2009 but its nothing against the force centra banks print.
XIN got a nice way to get money out of China, its always like this. CCCL or someone (not sure) paid a massive dividend too, so did many others. Doesnt mean anything against what I wrote. SIAF? Joke company and surely not there to make shareholders rich. But if anyone still belives it, its his fight.
