the city of Shenzhen announced fresh restrictions on home purchases to curb sharply rising prices and stamp out speculation.
"That sent a very strong signal to investors don't speculate in the property market, then equity became the only option available for the general public," said Zhang. Zhang said the Chinese government is trying to manage reforms for the equity markets and welcome a slow growth market. They don't want "to allow leverage to build up too much and they hope this kind of rally can go on for more than a year or even longer," said Zhang.
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