The Standard tells of the "plunge" (who uses that word except financial journalists?) in China stocks because of fears of a bubble...and the dramatic steps being taken to reign in the speculative excess:

Shares across the border plunged Wednesday, dragging Hong Kong stocks lower, after a top legislator warned that a bubble is forming in the mainland market and securities houses took steps to curb speculation.

Mainland media reported that some securities houses have started to check the identity of investors when they open new trading accounts and are taking photos of new account holders for their records....It is estimated that on average about 90,000 new trading accounts are opened in the mainland every day.

Checking the ID of investors opening new accounts...what a novel idea.

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