Those of you who read the column by my colleague George Chen yesterday will have learnt of the conversation that occurred between Cheng Dinghua, an award-winning strategist at Essence Securities, and Xu Xiang, a fund manager at Zexi Investment, which ended up on the internet.
Investors were apparently shocked to learn that their private views differed markedly from what they were saying in public. Privately the two felt the Shanghai stock market would decline, whereas in public they were saying that Xi Jinping's new leadership was a buying opportunity and stocks would rise.
via Business feed http://www.scmp.com/business/article/1158572/was-it-leak-or-plant-moved-shanghai-index
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