Prepare for a repeat of China’s 2015 boom, bust and whimper?
Days after replacing an overly cautious securities regulator, Beijing has mounted a multi-pronged effort to revive the market’s buzz: It set out the framework for a new tech-stocks exchange, cleared the way for more margin loans, made it easier for securities firms to buy stocks, and opened the futures and options markets to foreign investors.
The changes amount to a blunt official inducement to jump back into a market where shares have been struggling, trading volumes are anemic, and profit warnings are piling up. Yi Huimian’s appointment as chairman of the