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2008/12/01

CSRC Protest and Crackdown


So I'm not sure how long this video will be up (or at least accessible) on youtube, but I'm a bit surprised there hasn't been more talk in the blogosphere about it. Protests regarding listed companies that were approved despite not meeting the requirements to be listed (and thus causing great losses to these laobaixing investors took place the other day outside of the China Securities Regulatory Commission in Beijing and were dealt with harshly, as the police stepped in and arrested everyone. Yes, things have improved in a lot of ways, but this is a reminder that often its still just business as usual. One wonders if we're bound to see similar scenes as the economy continues going down the drain.

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