When Liu Shiyu was named head of China’s stock market watchdog a year ago, analysts in Beijing joked that he was taking over “the least wanted job” in town.
After a spectacular rout the previous summer that knocked US$5 trillion off China’s stock market capitalisation, the market was still on its knees. The country’s 100 million retail stock investors were in despair, and the credibility of Beijing’s management of the market and economy was tarnished.
The Shanghai Composite Index, the most commonly used gauge of the Chinese market’s health, hit a high of 5,178 points in June 2015 before
source http://www.omnipopmag.com/2017/03/02/can-the-head-of-chinas-stock-market-watchdog-hunt-down-crocodiles/
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