[BeauBo]

“The real question is which stocks did the government buyers purchase?”

The article indicates that they focused on banks, energy and insurance.

In my opinion, as soon as the “National Team” was formed to support the Chinese stock markets, insiders would naturally start looking for how to use it for their personal profit. After a few years, I would anticipate that it has been thoroughly corrupted, and has found ways to rationalize their support primarily for the companies owned by the families of the top Party members.

So far, the numbers indicate that the “National Team” has shifted into market support mode (net buyers), but not to a very high degree.

If/when President Trump drops the next (and much larger) round of tariffs on Chinese imports (which are ready to go), we will probably see them having to start to shoveling their limited money in earnest to prop up their markets.

[bert]

——insiders-—

The insiders are in fact Chicaps

[Zhang Fei]

[The article indicates that they focused on banks, energy and insurance.]

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These are the companies being throttled by China’s rulers via mandatory new bad loans, rollovers of existing bad loans and price cuts to keep the economy humming.

[ckilmer]

banks, energy and insurance= no exposure to the USA

means these stocks are way over sold.