Jason Hsu, co-founder of Research Affiliates, explains why China's equity bubble was really caused by a redistribution of wealth and why government intervention in a crisis is not always helpful.
The Chinese stockmarket rallied more than 150% as the Shanghai Composite index rose from 2,037 at the end of June 2014 to its peak of 5,166 in June 2015. Many market commentators, most notably Janus Capital's...
Publishes consultation paper
Exploring the effects of shake-up
More emphasis on corporate governance and responsibility
quality growth equity and long-duration bonds dominate