Who wields more influence in China's stock market?

[Ian_Lee]

Who wields more influence in China's stock market? Wen Jiabao, Li Ka Shing or Alan Greenspan?

In the last seven days, all three heavyweight figures said or tried to implement some measures to make the stock index of the bourses of Shanghai and Shenzhen turn south.

The least effective is Premier Wen's. The stock market only hesitated for 45 minutes and then broke thru new high.

But Greenspan's statement seems the most effective so far.

Anyway, does anybody remember Greenspan's comment of "irrational exuberance" when Dow climbed past the 6,000-point benchmark?

[bhchao]

Anyway, does anybody remember Greenspan's comment of "irrational exuberance" when Dow climbed past the 6,000-point benchmark?

Yes, he still exerts more influence today over the Dow than Bernanke. Global stock markets tumbled the day after he mentioned the possibility of a US recession during an HK conference earlier this year. All he had to do was mention the 'R' word.

[venture160]

The HK and Taiwanese news circuit is saying that in reality its party cadres and their children who hold mosts of china stocks and that the shanghai faction is overinvesting in order to make the market crash and look Hu-Wen look bad.

I read about this in the Financial Times and 明报

Could be a crazy conspiracy theory, but an interesting read nonetheless