Crime and little punishment for China's D'long?

The handling of D''long will be an important test for China''s regulatory mechanism.

Two years ago, Stephen Green, an economist now working in Shanghai at Standard Chartered bank, wrote in his book China's stock market A guide, that the ability of the government to supervise itself would prove the key question for China.

He wrote, The overwhelming question is... in the absence of liberal democracy, what will drive the improvement of stock market regulation in China

It was a bold question, rarely asked by the number crunchers who habitually concern themselves with China's financial markets, and many believe it stil remains far from answered.

Indeed, some now argue that China's regulators - the China Securities...

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