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| An investor looks at an electronic board showing stock information at a stock trading hall in Hangzhou, capital of east China's Zhejiang Province, Nov. 27, 2012. Chinese stocks continued to fall Tuesday, with the benchmark Shanghai Composite Index dipping 1.3 percent, or 26.3 points, to end at 1,991.17, the lowest level since February 2009. The Shenzhen Component Index closed at 7,936.74, down 79.33 points, or 0.99 percent. (Xinhua Photo) |
Liu Qiao, finance and economics professor of Guanghua School of Management at Peking University, said that a lack of good quality listed companies is the main reason that China's capital market does not fare as well as China's real economy.
He said that if there are companies like IBM and Wal-Mart, which can perform well both in bullish and bearish markets, transformation of China's capital market can be successful.
Chinese shares fell on Tuesday, hitting a new low of 1,990.34 for 45 months. The benchmark Shanghai Composite Index closed at 1,991.17, down by 1.3 percent.
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