Who is to blame for China’s market turmoil?

On the last day of this year’s Boao Forum in Hainan, panelists representing areas of the financial markets discussed last summer’s stock market meltdown.

Why did China’s stock market plunge so much last year Why did the drop trigger exceptional national-level rescue measures Who should take the blame

On the last day of this year’s Boao Forum in Hainan, panelists representing areas of the financial markets discussed last summer’s stock market meltdown.

“Leverage the trouble-maker” explored the real cause of last year’s stock market crash and other problems of China’s capital markets. Here are the highlights of their remarks.

Gao Xiqing, former vice-chairman and president of China Investment Corporation and former vice-chairman of the China Security Regulatory Commission CSRC.

Leverage is just...

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