1/5
For over 15 years Chinese regulators have implemented one reform after another aimed at taming the wildly speculative Chinese stock markets in an attempt to make them converge with more sophisticated markets in the US and Europe. I have long...
ft.com/content/b6a975…
For over 15 years Chinese regulators have implemented one reform after another aimed at taming the wildly speculative Chinese stock markets in an attempt to make them converge with more sophisticated markets in the US and Europe. I have long...
ft.com/content/b6a975…
2/5
argued that because these reforms never really addressed the structural problems in the stock markets – mainly poor-quality macro data, false financial statements, a terribly opaque corporate governance framework, suppressed interest rates, unpredictable and...
argued that because these reforms never really addressed the structural problems in the stock markets – mainly poor-quality macro data, false financial statements, a terribly opaque corporate governance framework, suppressed interest rates, unpredictable and...
3/5
ever-changing rules of the game, political vendettas, insider activity, and other features that made it impossible for fundamental investors to project and value cashflows except at very high discount rates – none of these reforms would make a...
carnegieendowment.org/chinafinancial…
ever-changing rules of the game, political vendettas, insider activity, and other features that made it impossible for fundamental investors to project and value cashflows except at very high discount rates – none of these reforms would make a...
carnegieendowment.org/chinafinancial…
4/5
real difference in the speculative nature of the domestic stock markets, and it is pretty clear from the data that Chinese stock markets are no less volatile and speculative than they were 15 years ago.
But, as this interesting article suggests, we may finally be...
real difference in the speculative nature of the domestic stock markets, and it is pretty clear from the data that Chinese stock markets are no less volatile and speculative than they were 15 years ago.
But, as this interesting article suggests, we may finally be...
5/5
seeing the long-awaited convergence between Chinese and global stock markets, although probably not in the direction that Chinese regulators had hoped.
seeing the long-awaited convergence between Chinese and global stock markets, although probably not in the direction that Chinese regulators had hoped.
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