David Fuller's view First it was the weight of new supply as previously untraded shares from the government flooded onto the market, and then tighter monetary policy weighed on China's share indices.

Today, the supply is much reduced and Wendy Liu thinks that an incremental change in monetary policy is likely before the end of July. I think this is essential before we see a significant recovery in indices which now look at least temporarily oversold - HSCEI (weekly & daily) and HSI (weekly & daily).