| Securities regulators are learning how to manage the market, China Investment Corp.’s Larry Zhang, told a US audience on Tuesday. Zhang, who heads public equities at the nation’s sovereign wealth fund, said regulators managed to wipe out $5 trillion worth of market value through their incompetent and mistake-ridden handling of last summer’s market rout.
“It was a disaster how they managed public equity, it created turbulence,” Zhang said during a panel at the Milken Institute Global Conference in Beverly Hills, Calif., on Tuesday...............................................Full Article: Source
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