--FILE--Xiao Gang, sinistra, Presidente della China Securities Regulatory Commission (CSRC), viene intervistato come egli arriva a un panel di discussione durante il
--FILE--Xiao Gang, left, Chairman of the China Securities Regulatory Commission (CSRC), is interviewed as he arrives at a panel discussion during the third Session of the 12th NPC (National People's Congress) in Beijing, China, 5 March 2015. What's wrong with China's stock market? Just about everything, according to a statement from Xiao Gang, the country's chief securities regulator, delivered at a national meeting of Chinese securities officials and posted on his agency's website Saturday (16 January 2016). In the statement, Mr. Xiao defended his handling of successive market meltdowns, blaming the "abnormal volatility" on "an immature market, inexperienced investors, imperfect trading system, flawed market mechanisms and inappropriate supervision systems." The turmoil in China's stock marketªwhich on Friday entered "bear" territory of 20% below its recent peakªhas cast a harsh lighton the performance of Mr. Xiao, 57, a former central banker and chairman of the Bank of China before he was appointed chairman of the China Securities Regulatory Commission in 2013.
