awf_0107_STOCK详解.pptVIP

Will Chinese Stock Markets Mirror the Behaviour of the NASDAQ? -Where is the solution? 3 QUESTIONS RAISED HOW TO DEFINE A “WELL REGULATED MARKET”? WHAT RELEVANCE A PRICE/EARNINGS RATIO? IF INSTITUTIONAL FUNDS ARE A STABILISING FACTOR FOR THE STOCK MARKET, WHY ARE DEVELOPED MARKETS SO VOLATILE? HOW TO DEFINE A “WELL REGULATED MARKET”? The Financial Markets are Dynamic Business is “Proactive” But Regulators are “Reactive” not “Proactive The System of Regulation and Enforcement can never be completely Flexible and Dynamic Importance of Fiduciary Responsibility Conflict of Interest Who is the cli