There has been a great deal of excitement and press coverage about the supervisory cooperation agreement signed yesterday between the China Banking Regulatory Commission and the Securities and Exchange Commission, which allows Chinese banks to conduct QDII investments for their clients in the US. This is, I think, the fifth such agreement, following those in …
Read More…Category: Speculative markets
The government condemns Chinese financial markets to speculation
Two weeks ago when I was being interviewed for Dialogue, a local current events show on CCTV 9, I was asked about the sophistication of Chinese investors, and I responded that China does not have a real investor base. The whole market here is speculative, I argued, not because Chinese investors are naturally speculative but …
Read More…Pesky school kids
From Reuters via today’s South China Morning Post, this article doesn’t need much comment: Officials in Fujian province have told schools to caution students against dabbling in the stock market, warning that failed investments could fuel social instability. Students have followed pensioners, housewives and people from all walks of life into the stock market as …
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