Summary | The mainland's US$3.9 trillion stock market unwind
could be barely halfway through, with a key price-to-earnings
ratio still running at roughly twice the level analysts say is
fair value and some US$600 billion worth of margin debt and
collateral...
could be barely halfway through, with a key price-to-earnings
ratio still running at roughly twice the level analysts say is
fair value and some US$600 billion worth of margin debt and
collateral...
scmp.com | 20 July 2015