Xiao Gang oversaw China’s trillion-dollar stock market for three years until early 2016. Photo: Xinhua

China’s ‘most hated’ ex-regulator warns that government intervention creates stock boom-to-bust cycles

  • Xiao Gang, who oversaw China’s stock markets during the 2015 crash, stresses need to rectify authorities’ ‘fatherly love’ type of supervision
  • He says previous loosening measures to boost growth have resulted in market bubbles, amid Beijing’s increasingly pro-growth policy to arrest a slowing economy
Topic |   China economy

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Xiao Gang oversaw China’s trillion-dollar stock market for three years until early 2016. Photo: Xinhua
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.