Category Archives: Finance

China’s Stock Market Conundrum and Implications for World; By K. Subramanian

CAS article no. 0034/2016 The following is text of a presentation made by the author at Observer Research Foundation, Chennai on February 13 2016. Established in 1991, China’s stock market is the youngest in the world. The London Exchange dates back to the sixteenth century and the New York Exchange to the late eighteenth.Our own BSE dates back to 1875. Though the youngest, since its opening in Shanghai and Shenzhen,… Read Article →

A Fallen Angel; By K. Subramanian

CAS article no. 0033/2016 Courtesy: Chennai Centre for China Studies This is the story of the fall of Mr. Xiao Gang, Chairman, China Securities Regulatory Commission (SCRC). Official Xinhua News Agency announced on Saturday (20thFebruary) that he has been forced out of the office as China’s chief regulator. It was reported to be a criticism of his role in amplifying the country’s stock market turbulence. In authoritarian regimes such as… Read Article →

Anaemic Global Recovery: What has not been Right with Public Policy; By V. K. Sharma

CAS article no:  0012/2015 Courtesy: Business Standard It is both common and easy to pontificate on what has been wrong, and not right, with public policy after the fact with the benefit of hindsight. But moral legitimacy imperatives demand that foresight be demonstrated at the time of rollout of public policy and not several years later by which time actual outcomes, as opposed to intended policy outcomes, become widely known…. Read Article →