The recent stock market plunge has initiated widespread debate about whether the government should intervene or not Chinese investors have been chok- ing on the bitterness of seeing their stocks nosedive since last October. In some cases the value of their stocks has been slashed by half. Because of the onset of a global reces- sion,the huge refinancing plans of listed companies,and a large number of restricted shares being made wadable,the benchmark The recent stock market plunge has initiated widespread debate about whether the government should intervene or not Chinese investors have been chok- ing on the bitterness of seeing their stocks nosedive since last October. In some cases the value of their stocks has been slashed by half. Because of the onset of a global reces- sion, the huge refinancing plans of listed companies, and a large number of restricted shares being made wadable, the benchmark