Irrational Exuberance Endangers China’s Nasdaq

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Heard on the Street: China’s paternalistic approach to market regulation has bred serious moral hazards in mainland markets

China is having another go at creating its own version of Nasdaq, a marketplace for the country’s best technology stocks. But first, it needs to teach its investors that share prices can go down as well as up.

Shanghai’s stock exchange is set to launch a new board in the coming months with a different set of rules to attract the country’s technology companies to list and raise capital there. Due to underdeveloped local stock markets, most of China’s largest technology companies, including Alibaba and Tencent, are either listed...

 

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paternalism by a dictatorship. ? did i hear that right ?

Jesus, it is so very telling that this (too much market regulation) is the “moral hazard” people in the corporate world are concerned about when it comes to China. Not Uighur concentration camps or re-education or harvesting organs from the Falun Gong; market regulation

Get deserve moral capacity water markets alwayschoice hazards poisons developed citylab notcoldwar toxic personalities heard MENatWORK not halffast $dis agreeable distribution dail9 .us .ext connections efforts i,,own strength stretch confidence

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