CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.
China Investment Corporation (CIC) has recently been making a push for overseas institutions to enjoy the benefits of investing in the world’s second largest economy, with GDP at US$ 18 trillion. China announced that Chairman Peng Chun and David Solomon, Chairman of Goldman Sachs, have been meeting with Chinese authorities including Yi Huiman, known for…
Cheah Cheng Hye is the co-chairman, co-chief investment officer and co-founder of Value Partners Group, a Hong Kong-listed fund management company. He is also an independent non-executive director of Hong Kong Exchanges and Clearing Ltd. He was previously a financial journalist, working in such publications as Far Eastern Economic Review and The Asian Wall Street Journal.
China’s government promoted Yi Huiman, the chairman of the Industrial and Commercial Bank of China (ICBC), to head of the securities regulator to help steer the stock market toward an avenue for fundraising.
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