主题：关于最近的加税 -- MRandson

the guilt is established on proofs beyond a reasonable doubt.

Here are the facts, independently verifiable, and undisputed facts:

1.By Chinese regulation, individual investors and foreign institutional investors are allowed to participate in B share. Domestic institutional investors are not allowed.

2.B-share index topped at 5/21/2007. The next day a sharp decline started, 19% was lost in 3 trading days. Many stocks (>50%) dropped without a rebound. During the same period, A-share kept moving up.

3.Prior to 5/22/2007, the last time B-shares dropped significantly without A-shares doing the same was 2005/07, and at that time, both markets were bottoming. So 5/22/2007 was the ONLY TIME B-shares moved down ALONE in this bull market.

4.After close of market on 5/22/2007, the Chinese ministry of finance denied rumor that stamp duty was to be increased.

5.On 5/30/2007, the increase of stamp duty was announced and the A-share debacle started.

Here are the assumptions, which I consider reasonable to assume, but hard to prove:

1.Foreign insitutional investors in B-share are closely connected with managers of hot money in A-share.

What hypothesis will you have? with these facts and assumptions.