Will Chinese stock markets Mirror the behaviour of the NASDAQ? Where is the solution? Christopher Poll Chairman Greater China Consultancy Ltd
Will Chinese Stock Markets Mirror the Behaviour of the NASDAQ? -Where is the solution? Christopher Poll Chairman, Greater China Consultancy Ltd
3 QUESTIONS RAISED HOWTO DEFINE A WELL REGULATED MARKET”? WHAT RELEVANCEA PRICE/EARNINGS RATIO? F INSTITUTIONAL FUNDS ARE A STABILISING FACTOR FOR THE STOCK MARKET. WHY ARE DEVELOPED MARKETS SO VOLATILE?
3 QUESTIONS RAISED • HOW TO DEFINE A “WELL REGULATED MARKET”? • WHAT RELEVANCE A PRICE/EARNINGS RATIO? • IF INSTITUTIONAL FUNDS ARE A STABILISING FACTOR FOR THE STOCK MARKET, WHY ARE DEVELOPED MARKETS SO VOLATILE?
HOW TO DEFINE A WELL REGULATED MARKET”?
HOW TO DEFINE A “WELL REGULATED MARKET”?
MVAN上D4 mISDEEDS CURRENCY CRISIS STERLINGS FALL DE STABILISATION SPECULATION FALL OF THE BAHT BANKRUPTCY Ei FALL OF THE RINGGITa DEBTS
The financial markets are Dynamic · Business is“ Proactive” But Regulators are Reactive not “ Proactive The System of Regulation and Enforcement can never be completely Flexible and dynamic Importance of Fiduciary Responsibility
The Financial Markets are Dynamic • Business is “Proactive” • But Regulators are “Reactive” not “Proactive • The System of Regulation and Enforcement can never be completely Flexible and Dynamic • Importance of Fiduciary Responsibility