With China now top market for IPOs, one economist fears for small investors

Han Zhiguo warns small investors will suffer the consequences because of poor market regulation

China has overtaken Hong Kong as the top initial public offering (IPO) market. The number of listings in China's stock exchanges has surged 303 percent, with 246 companies raising up to US$18 billion in the first half of 2017.

Good news? Not according to Han Zhiguo, a renowned Chinese economist, who wrote a long post on popular social media platform Weibo slamming China Securities Regulatory Commission (CSRC) for its poor regulation of the market. Small investors, he warned, will be the ones to suffer the consequences:

China Securities Regulatory Commission has gone too far on IPOs: The US stock market adopts a