China stocks take turn on monetary merry-go-round

What’s in a Chinese share price? Text books say it should be a function of risk-free rates, equity risk premiums and expectations of company earnings. In reality, it’s money and hope. There’s no other explanation for the record trading volumes in the country’s markets on Dec. 3, and the astounding […]



Reuters via CHINA US Focus http://ift.tt/1AnWb8O