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China's central bank chief: stock market valuations not in line with China's economic fundamentals
China's stock market has reportedly lost $3 trillion in market capitalization in the last six months and at the current level of 2,548 points, the Shanghai Composite index is down more than 50 percent from the 2015 high of 5,166. The sell-off could be the result of the worsening economic picture, although the head of China's central bank (PBOC) believes that the recent stock market fluctuations are largely due to investor sentiment and expectations. Recent stock market fluctuations largely due to investor sentiment, expectations China's economic fundamentals are good, macro leverage levels stabilizing Current stock ... (full story)