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Wait before you applaud the CSRC’s climbdown

Jame DiBiasio
The decision to scrap the index circuit breaker looks to be a return to pragmatism, but more is needed to convince investors of the “decisiveness” of market forces.
Wait before you applaud the CSRC’s climbdown

The China Securities and Regulatory Commission’s index circuit-breaker lasted four days. On Thursday night, chairman Xiao Gang threw in the towel and abolished the measure.

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