Chinese Government

: The gains helped to win back some of the value lost in the last four weeks when Chinese share prices plunged by nearly a third, wiping trillions from market capitalizations and leaving investors suddenly wondering whether they should park their money elsewhere, according to Deutsche Welle. It was exactly that kind of thinking that the Chinese government sought to block when it banned big shareholders, meaning those holding at least 5-percent stakes, and company executives from trading their stocks for the next six months. Lifted by a government rescue plan, Shanghai benchmark composite index gained 5.3 percent, while the CSI300 index of Shanghai and Shenzhen biggest listed companies added 6 percent. Other support measures included slashing interest rates, suspending initial public offerings and enlisting brokerages to buy stocks with cash from the central bank. The rescue plan appeared to have propped up the markets for now, but they were still far from business as usual in Friday trading. Celebration, then caution Beijing coming to the rescue was cause for celebration for many wary investors but it also drew some criticism for undermining what many saw as a commitment from Beijing to give markets a greater role in pricing assets. 0:00:00 0:00:00Has China averted a stock market crisis "Essentially the political decision is: to transfer the potential losses from private investors…to the state in some manner," Ashok Shah, investment director at London & Capital, told Reuters. (news.financializer.com). As reported in the news.