Goldman Sachs Denies Group Email Triggered Crash

(Beijing) -- A senior strategic analyst of Goldman Sachs said December 6 that the investment bank had nothing to do with a plunge in A-share prices on November 12 and a group email it sent to investors concerned only H-shares.

Last week, the state-run People's Daily's overseas edition published a commentary, saying that an unnamed international investment bank set off a market crash by advising investors to sell their stocks. Market players believed the unnamed investment bank referred to Goldman Sachs.