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HSBC strategist slams Beijing's equities intervention

HSBC Private Bank's Asia head of investment strategy criticises Beijing's approach to stock market regulation, in unusually frank comments during a panel discussion.
HSBC strategist slams Beijing's equities intervention
In private, foreign investors are critical of Beijing for what they see as its overly interventionist approach to markets, whether in respect of capital controls, stock trading, private fund managers or various other issues. However, they tend to be more reluctant to air such views in public.  Yet a senior executive from HSBC Private Bank pulled no punches at a panel last week at the FT Investment Management Summit Asia in Hong Kong. Chinese regulators "intervene too much", said…
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