Chinese stockmarkets open in a few minutes, at 0130GMT

  • Shanghai Composite to open down 0.6%
  • CSI300 index to open down down 0.7%


Yesterday afternoon the Shanghai Composite had a strong rally, after an uneventful morning:

The talk was that authorities had relaxed on a crackdown on shadow margin trading accounts

  • A crackdown on margin lending was a big factor in the plunge in the Market in past months
  • An easing up on the restrictions returned some buyers to the market yesterday
  • The Shanghai Comp rallied 200 points or so in the final hour on Wednesday