Time for stocks to rise, compete with banks says official

A new dawn for China''s purged stock market?

With China's banks seemingly once again risking a crash by an enormous expansion of credit, it is now time for the government to give the capital markets the attention they deserve, said Fang Xinghai, deputy CEO of the Shanghai Stock Exchange at a conference on financial markets in Beijing last week.

The comments followed a speech by China banking expert Nick Lardy from the Institute of International Economics in which he warned that China's banks had recklessly been...

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