China's Dream of World Class Stock Markets Suffers Intervention Blow
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It’s hard for Alex Wolf to believe that the Chinese officials he met four months ago are the same ones running the world’s second-largest stock market today.
When Wolf, an emerging market economist at Standard Life Investments, sat down with the nation’s securities regulators in Edinburgh in March, they had a clear message: China is enacting the free-market reforms needed to lure foreign investors and gain entry into MSCI Inc.’s global indexes.