Steady Market Cannot Rely Solely On Resonance of Policy
ANBOUND
During the last few days of June, there were tremendous changes in terms of policy and market in China stock market. The government, the general public and the traders have jointly propped up the slumping stock market. This is yet, another classic example on how resonance of policy has affected the market. Anbound's scholars point out that although the country's stock market has showed signs of gaining traction as a result of the resonance of policy, the steady growth of the stock market cannot be achieved by mere policy supports, it can only be achieved by reasonable market mechanism and strict market regulations as these are the correct way of developing the capital market.