China Blames Its Stock Market Plunge On An Unnamed International Bank

From the Businessinsider.com:

China is now blaming an unnamed international investment bank for the plunging Shanghai Composite, according to Caixin.

Mouthpiece publication People's Daily published a commentary today from Professor Shi Jianxun that accused an international bank of emailing investors and telling them to sell.

China's Securities Regulatory Commission had already started a probe into market manipulation after the Shanghai Composite Index fell 5.16 percent in one day. Shanghai is down 11 percent over the past three weeks.....read on