The People's Bank of China did step in to capitalise the market, but that decision came only after the rout was in full swing. Photo: EPA

Blame inept regulation for China's stock market crash

Zhang Jun says it's time to overhaul the country's rigid and fragmentary regulatory system as part of overall financial reforms, to improve coordination and better protect investors' interests

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The People's Bank of China did step in to capitalise the market, but that decision came only after the rout was in full swing. Photo: EPA
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