Following the latest market numbers, we're joined live by Gao Shang with GuanTong Futures to have a thorough discussion about how stocks performed in 2013.
Questions:
1. We've seen the numbers ending on an upward trend. Can we attribute that to the resumption of IPO's?
How high on the list does the IPO issue rate, in terms of the top financial stories in China over the past year?
What other issues will be remembered for having a major influence on the markets in 2013?
2. Speaking of investor protection, despite the new IPO listing system being proposed, what can we learn the EverBright fat finger trading which spurred a mad rally on the Shanghai exchange and subsequently caused a loss of 523 million yuan, or 85.5 million US dollars?
3. Another big influencer (as you mentioned) was the country's central bank, as the PBOC controls the liquidity and sets the tone of the country's monetary policy.
In June, and again in December, stock markets tumbled over fears that the central bank wouldn't lend a hand quenching credit demand at the mid-year and year-end assessments. Why was the PBOC reluctant to put more liquidity into the market? What was it testing by doing that?
4. What do you think will be the next front for China in terms of its ongoing capital market reforms?
