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All Topics Article
Chinese Securities Regulator Is Out, but Little May Change
Keywords:
China Securities Regulatory Commission
03/17/2013
Grouped Articles
Chinese Stock Slump Contributes to Global Market Weakness
New York Times 12/09/2014
The Man Tasked With Stopping China’s Stock Selloff
Wall Street Journal 07/08/2015
U.S. stocks rebound after punishing day, but China’s market slides again - The Washington Post
Washington Post 08/25/2015
The Quiet Side of China’s Market Intervention
Wall Street Journal 01/13/2016
Chinese Securities Regulator Is Out, but Little May Change
New York Times 02/20/2016
Beijing Appoints Regulatory Chief
Wall Street Journal 03/17/2013
Xiao Wang, chairman, China Securities Regulatory Commission, March 2013 -
07/08/2015
Wang is former head of the Bank of China, one of four large state owned banks. A WSJ report shows that under Wang as CEO of the bank in 2009 it was the least profitable and the most likely to ramp up lending at the government's request. As a savy politician he was appointed to the Party Central Committee in 2012 and to the position at the regulatory body in March 2013. In efforts to meet party directions Wang has moved in conflicting directions, clamping down on margin financing and as the market selloff worsened even loosened restrictions for loans on homes to invest in the market. The huge surge in the market and the Shanghai and Shenzen stock exchanges is now followed by a selloff in July 2015, which the government has no experince in handling following China's experiment with its own state oriented form of capitalism since 1990. The government plans to allow state owned enterprises with large debt to reduce the debt by investing in a surging market may be based on an erroneous assumption on how equity markets work. Lack of prior experience with equity markets on the downside is another handicap in China.
Grouped Articles
The Man Tasked With Stopping China’s Stock Selloff
Wall Street Journal 07/08/2015
Beijing’s Response to Stock Selloff Reveals Deep Insecurity
Wall Street Journal 07/08/2015
Why China’s Stock Market Bailout Just Might Work
New York Times 07/09/2015
Memo to China: Your Market Moves Are Doomed to Fail
Wall Street Journal 07/10/2015
Cooling of China’s Stock Market Dents Major Driver of Economic Growth
New York Times 07/15/2015
Wall Street Journal 07/28/2015
China Securities Regulatory Commission and oversight of financial markets in 2014-2016
12/09/2014
Efforts to rein in short term borrowing using riskier bonds as collateral for short term loans. Large increase in the use of margin financing creates problems of speculation. In one month alone, for November 2014, the Shanghai Stock Exchange composite makes a gain of 25%.
Grouped Articles
Chinese Stock Slump Contributes to Global Market Weakness
New York Times 12/09/2014
To Calm Its Markets, China Helps Guide a Sell-Off
New York Times 01/19/2015
Margin Trading Adds to Risks in China
Wall Street Journal 02/05/2015
China’s stockmarket: Skyward march
Economist 04/25/2015
China’s Stock-Market Boom Won’t Erase Bad Debts
Wall Street Journal 05/13/2015
China Shares Suffer Worst Week Since 2008
Wall Street Journal 06/19/2015
Investigations at China Securities Regulatory Commission in Dec. 2015 for leaking information to brokerage houses on government action in the summer
12/18/2015
A vice chairman of CSRC, Yao Gang, is also being investigated for possible leak of information to brokerage houses of planned intervention in stock markets. Such information would have been used by the brokerage houses to profit from stock decisions.
Grouped Articles
Beijing Probes Architects of Stock-Market Rescue
Wall Street Journal 12/18/2015
The Quiet Side of China’s Market Intervention
Wall Street Journal 01/13/2016
Chinese Securities Regulator Is Out, but Little May Change
New York Times 02/20/2016
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