"Government will not meddle with stock market" - Fan Gang

Fan Gang

The government will not meddle in the stock market, according to Fan Gang, a famous economist and member of the policy committee of the central bank, according to AFP. Rumors about the bank's involvement appeared on Friday as a set of measures were taken to cool down the sizzling economy.
According to Fan Gang the measure were not targeting the stock market at all, and were also ignored by the investors on Monday.

"The government will not issue policies to support the market or intervene in the market... The market must bear its risks on it own," Fan was quoted as saying. "The market is becoming mature and so is the government."

Fan Gang is also part of our China Speakers Bureau. When you are interested in having him as a speaker, do drop me a line.