Latest News:  
Beijing   Cloudy/Sunny    33 / 21 ℃  City Forecast

English>>China Business

Capital market needs clearing up (2)

By Hong Liang  (China Daily)

08:13, August 28, 2012

The mainland capital market certainly needs some cleaning up. There are too many "established" analysts issuing volumes of research papers that read like kung fu novels, depicting mysterious people blessed with supernatural powers moving share prices with total disregard to market practices, securities rules and economic fundamentals. There are those stockbrokers who dispense investment advice like horse-racing tips, picking shares based only on hearsay and rumors, which they then try to masquerade as privileged information.

Not surprisingly, many individual investors blame their losses on poor advice from stockbrokers, whom they said they no longer trust.

But it is sad to note that the young professionals who have been squeezed out in these troubling times are the fresh blood that the industry needs. It is clear that the mainland stock broking community is in desperate need of fresh blood.

But we must remain optimistic and maintain some trust in the wisdom of the marketplace. As Lily Bi, joint general manager of the international human resources consultant firm Hudson in Shanghai said: "Many employers believe the tough economic environment has changed the skills their people need to be high performers. Being flexible and open to change is now among the most desirable attributes. People with these skills will be in demand for the foreseeable future."

Young market professionals who have lost their jobs or seen a big pay cut should take comfort in the knowledge that such setbacks are only temporary and be thankful that the lessons they learn today will prepare them for the difficult task of developing the mainland capital market into a mature and dependable source of funds to finance the next stage of economic growth.

【1】 【2】

News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Female panda born in Sichuan

  2. Cool moments of this summer

  3. Apple losing smartphone battle to Samsung

  4. 2012 China Miss Tourism Int'l crowned

  5. Female stars in see-through dress

  6. The most expensive hotel in Dubai

Most Popular


  1. Public needs to see where tax money goes
  2. Should China boycott Japanese goods?
  3. US launches financial attacks against its allies
  4. When will Chinese-style love tragedy move world?
  5. Stakes high for Romney in Republican convention
  6. The costs of luxury spending are booming
  7. Sleeper buses need best mechanic in country
  8. Commentary: Quality of governance essential
  9. Brand positioning through experience
  10. Visits highlight Cairo foreign policy change

What's happening in China

Man pricked by syringe with HIV

  1. Disgruntled ex-employee burns 3 dead
  2. China launches $372 bln pollution reduction drive
  3. 'Special-ability' class taught kids to cheat
  4. Island will boost Pearl River vision
  5. Acid rain hangs cloud over province

China Features

  1. China no longer simply 'world's factory'
  2. Sharp depreciation of yuan unlikely
  3. Special Coverage: Chinese Valentine's Day
  4. Rare tornadic waterspouts appear in Guangxi
  5. Tips for 'Stopping the Heat' [Special]

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai