China's securities reforms put spotlight on B-share dilemma

The B-share market is increasingly unsustainable, but regulators have few good ideas about what to do with it.

China's securities reforms put spotlight on B-share dilemma

There’s nothing like a thorough spring clean to bring things into the open. The only problem, of course, is that you then have to deal with all the long-forgotten junk that turns up.

Guo Shuqing, China’s chief securities regulator, would probably sympathise. The delisting rules his office introduced recently, as part of a zealous reform package, have shed light on a dusty old corner of the country’s securities industry the B-share market.

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