China stock bulls turn cautious

摘要

A rapid sell-off in China's A-share market last week, after the regulator again voiced concerns about margin financing, has many market participants calling the end of the mainland's remarkable bull market. Last week offered investors a taste of a correction as the benchmark Shanghai Composite Index hit 4,478 on Friday afternoon - down more than 13% since the China Securities Regulatory Commission issued proposed amendments for margin-trading rules on June 12. Over the same period, Shenzhen's benchmark index fell 12.7% to 2,742, and its ChiNext component fell 15% to 3,314.