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But the five's share prices slumped over 40 percent and the market values also shaved 140 billion yuan in total, after these firms experienced the share price boom and the high valuation before IPO.
By Monday, in terms of unilateral transactions, the total trading volume of Shanghai crude oil futures contracts at INE hit 36.7 million lots with a turnover of 17.12 trillion yuan (.55 trillion).
But the role of the securities watchdog is different－it will focus more on supervision of information disclosures and prevention of illegal activities such as financial fraud to protect investors' interests, Lou said.
But, there is a growing consensus that cooperation could prove to be their best collective weapon, at least in the current climate, according to executives at the ninth China Auto Blue Book Forum organized by the Automotive Business Review magazine. Nio, which was formerly known as NextEV, has not won approval from the authorities to build its cars. But its first model－an electric 7-seat SUV－is about to roll off the assembly line at one plant of JAC Motor, a traditional carmaker in Anhui province.
But to benefit all participants most, the terms of the deal will have to be evenly enforced. Unless participants are committed to adherence to a rules-based system, we won't see the full benefits, Nash said.
来源：资阳报