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