U.S. Fund Managers Want Less Intervention From Chinese Regulators

(Reuters) U.S. fund managers want less involvement from officials in China in the country’s volatile stock markets, even if it means their portfolios take hits in the short run. China’s government has taken aggressive actions to stabilize the country’s plummeting stock markets, imposing limits on the sale of shares and channeling pension money into equities. U.S.-based fund managers worry the steps are counterproductive because they distort prices and hold back growth.

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