New Delhi, Feb 17 (IANS) The Beijing Stock Exchange (BSE) reveals a deeper feature of China’s political economy, where capital markets function less as liquidity-driven than as policy instruments that prioritise strategic industrial objectives, according to a new report.China’s stock exchange illustrates how China deploys capital markets as instruments of industrial policy while accepting limited market liquidity, said the report in East Asia Forum.“Designed to fund ‘little giant’ firm…
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