A story in the Vancouver Sun features an interview with professor Kai Li, W.M. Young chair in finance at UBC’s Sauder school of business.
She singled out China’s stock market and banking sector as key issues facing the modern global economy and called the situation “a ticking time bomb.”
“The biggest part about stock market confidence is investor protection. That means you have rules, and if don’t enforce the rules and prosecute things like fraud, people will know the rules have no bite, and they ignore them. In China, investor protection is very low,” she told the Vancouver Sun.
A similar article appeared in The Province.
