Across China, many look at Shang Fulin as a savior. The new head of China's Securities Regulatory Commission (CSRC) takes the helm in the midst of an 18-month bear market, one caused by government policies--or so conventional wisdom has it. His challenge will be to resist the temptation to seek short-term popularity, recognizing instead that China's stock market must endure short-term pain to win long-term gains.
Across China, many look at Shang Fulin as a savior. The new head of China's Securities Regulatory Commission (CSRC) takes the helm in the midst of an 18-month bear market, one caused by government policies--or so conventional wisdom has it. His challenge will be to resist the temptation to seek short-term popularity, recognizing instead that China's stock market must endure short-term pain to win long-term gains.