and expecting China market rally in new year.
IMO, recently a lot of emerging market fund are having cash distribution, like CAF, GCH, CHN,etc. To get cash, they have to sell china stocks. This is probably the main reason that China stocks dropped from 6000 to 4800 (ShangHai).
Now many people will re-invest these money back. I think we will see Shanghai index goes back to 6000 in short period of time.