Where did the argument for China A-shares go? In the past two weeks the case for the booming stock market of mainland China has turned at least two somersaults. First, the main global indexing groups decided, against much expectation, not to include A-shares in global indices just yet. Then authorities announced moves to tame margin debt. And then came a tumble as the Shanghai Composite, up about 150 per cent in 12 months, gave up about 20 per cent in two weeks.
看多中國A股的聲音哪里去了？過去兩周里，看好中國內地股市上漲的理由，至少有兩次發生了翻轉。首先，與許多人預期的相反，主要全球指數集團決定暫不將A股納入其全球指數。接著，中國當局宣布采取措施整頓保證金借款。結果是，12個月內上漲約150%的上證綜指(Shanghai Composite)，在2周內跌去了約20%。
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