12-08-2015

Special Briefing on China's Stock Market Crash

China’s institutional competence at managing equity markets is now substantially in question.

China’s policymakers may have shown effective crisis management by some counts, but also how poor they are at preventing crises. This is hardly atypical of financial regulators’ difficult position worldwide. Nevertheless, both the crash and the policy response have damaged China’s institutional credibility. Financial stability over the short-to-medium term, if it can be secured, will come at the cost of a liquid stock market.

Click here to read the full (4 pages) special briefing about China's Stock Market Crash (July 2015)

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