Chinese equity reforms takes one step forward, one step back

China’s market reformers struggle against the perception that Chinese stock markets are driven by policy speculation instead of fundamentals, but the role administrative edicts played in the recent rally highlights how hard it is for regulators to leave equities alone.

Guo Shuqing, head of the China Securities Regulator Commission (CSRC), has said he wants to make mainland equities markets more efficient, more transparent and more trustworthy. Beijing wants Shanghai to become a global financial hub to rival Hong Kong and New York.

via Business feed http://www.scmp.com/business/money/article/1143694/chinese-equity-reforms-takes-one-step-forward-one-step-back