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Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
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Shares decline
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SHANGHAI shares fell yesterday as tighter regulations to curb speculative investments hurt risk appetite.
The Shanghai Composite Index lost 0.48 percent to 3,075.68 points. Over the weekend, the China Securities Regulatory Commission meted out punishment to Sealand Securities after months of investigation into fake bond agreements. The brokerage will be banned from issuing asset management products, opening new accounts and underwriting bonds for a year. Investors turned cautious after the CSRC said it would further strengthen the supervision of brokerage and fund companies.
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