Fraser Howie: Understanding China’s Stock Market
Today we’re joined by Fraser Howie, co-author of three books on the Chinese financial system, including the influential Red Capitalism: The Fragile Financial Foundations of China’s Extraordinary Rise. Howie has significant experience in China, and previously worked for the China International Capital Corporation – a Chinese joint-venture investment banking firm originally owned by Morgan Stanley and the China Construction Bank – which gained him first-hand experience of the Chinese banking and financial system. In this episode we discuss the history of China’s stock market, the Shanghai-Hong Kong Stock Connect, and China’s struggle to balance stimulus efforts with the ongoing deleveraging campaign.
