The characterisation of the China financial market as a casino dates back to the early days of the establishment of the Shanghai and later Shenzhen exchanges.
The Shanghai Index has undergone what some are calling “wild gyrations” over the past few weeks.
It is a pejorative term that seeks to lay the blame at the feet of retail investors and traders who ‘stir-fry’ the market with short term trades. It is also a convenient cover for ignorance and those who accept that miss the developing opportunities.
