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China vice president vows to 'look after' stock market investors
By John Micklethwait and John Fraher
Bloomberg News
Thursday, January 21, 2016
China is willing to keep intervening in the stock market to make sure that a few speculators don't benefit at the expense of regular investors, China's vice president said in an interview.
Calling the country’s market "not yet mature," Vice President Li Yuanchao said the government would boost regulation in an effort to avoid too much volatility.
"An excessively fluctuating market is a market of speculation where only the few will gain the most benefit when most people suffer," Li said in an interview with Bloomberg News after arriving at the World Economic Forum's annual meeting in Davos, Switzerland. "The Chinese government is going to look after the interests of most of the people, most of the investors."
Li, 65, is the most senior Chinese official yet to underline the government's readiness to intervene should the market turmoil of last summer and the start of 2016 continue. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-01-21/china-vice-president-v...
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