The probing of the market manipulation is a very good sign, in my opinion, when compared to the greater evil of sweeping under the rug. This investigation and what it may uncover will hopefully go a long way towards improving their systems. It's also the sign of a growing market that understands the need to give the investing community confidence in the system. Market manipulation will always exist to some degree, mainly because informational inefficiency will always exist. However when we take confidence in the power of regulatory body's ability to provide a platform the provides "equal opportunity" to all, there is a level of stability that can be gained. Right now, the Intervention acts, have fueled further panic in the market, but there are long term benefits that can be obtained from this.
The machinations of Beijing's probe into market manipulation continues with an investigation of another senior official, Zhang Yujun, in the regulatory commission. The Chinese newspaper states the story more delicately than CNBC and others. Surprise! Right... http://www.scmp.com/news/china/poli...ti-graft-watchdog-investigates-top-securities http://www.cnbc.com/2015/09/16/csrc...he-latest-target-of-beijings-stock-probe.html http://www.theguardian.com/world/20...unge-continues-as-securities-official-accused And we have pundits thinking there will be sufficiently better news on the global economy to justify a rate hike in December? Beijing is not only stirring this investigative pot, but devaluing and attempting to make the yuan an international reserve currency. The games are afoot. The fox is out. Let the hounds out. Woof.
