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Bourses face uncertain future 
 Under the present situation, it is difficult for Shanghai Futures Exchange and Shanghai Petroleum Exchange to fulfill their function of price discovery, analysts said. 
 
Credit Suisse, Founder approved to launch securities JV 
Credit Suisse won approval from China's securities supervisor on Sunday to form a joint venture with a domestic brokerage firm, Founder Securities Co.  
 
Why big games leave market cold 
It is obvious that investors do not like to see the large companies set unreasonably high share prices and pursue immense fund raising plans with only scanty information about what they are going to do with their proceeds. 
 
 
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