Stephen Roach, Senior Fellow, Yale University
Aug 26, 2015
Tectonic shifts are occurring in the economy, financial markets, geopolitical strategy, and social policy. The ultimate test may well lie in managing the exceedingly complex interplay among these developments. Is China’s leadership up to the task, or has it bitten off too much at once?
Dan Steinbock, Founder, Difference Group
Aug 26, 2015
As the Fed is paving way for the first rate hike in a decade, the world economy prepares for the greatest shift of capital flows in five years. Recent market turmoil in the U.S. and China heralds the transition.
Curtis S. Chin, Former U.S. Ambassador to Asian Development Bank
Aug 12, 2015
The tremendous volatility of China’s markets has led to direct and indirect government involvement, which is ultimately a short-term fix. Beijing must re-commit to the opening of its financial markets and to a deepening of capital market reforms.
Stephen Roach, Senior Fellow, Yale University
Jul 29, 2015
Quantitative easing (QE) is utilized by U.S. and European banks to manipulate asset prices and provide stimulus to asset-dependent economies. China’s market manipulation is no less blatant, but is distinct in its aim to promote new markets.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences
Jul 14, 2015
Despite the recent unprecedented slump in the stock market, the Chinese government’s strategy in developing the equity market has not changed, and Beijing will continue to foster a healthy development of the stock market through market-oriented reform policies. That means the surging trend in the Chinese stock market will continue in the second half of the year.
Michal Meidan, Director, China Matters
Jul 13, 2015
The government’s aggressive response in stabilizing “Uncle Xi’s bull market,” has highlighted the political nature and disconnect between the stock market and overall economic health. The government must decide whether to continue its efforts to open the capital account and liberalize the exchange rate.
Xu Hongcai, Deputy Director, Economic Policy Commission
Jul 10, 2015
The A-share market has been undergoing an unprecedented plunge since mid-June, with the benchmark Shanghai Composite Index having declined about 30% and the capitalization of listed companies having shrunk by about 20 trillion yuan (about $3.23 trillion).
Dan Steinbock, Founder, Difference Group
Jun 24, 2015
Not so long ago, China’s A-share index lingered around 2,000. Before last week’s plunge, it closed at 5,200. In the short-term, the market will remain volatile, but just as China’s economy hasn’t emulated typical market fluctuations, its potential should prevail in the long term.
Nov 11, 2014
As hedge fund managers declare victory with the launch of the Shanghai-Hong Kong stock link, don't forget the obvious loser: the city's pro-democracy mo
Oct 27, 2014
China’s financial reform drive has suffered another setback. A flagship scheme to link the Hong Kong and Shanghai stock exchanges has been delayed after regu
Shanghai-Hong Kong Stock Connect
