China traders on margin accounts is a thought both wildly exciting, yet utterly terrifying at the same time. Even more so in the wake of $10 billion in fraudulent currency trades discovered just last week.
Chinese markets have had a long standing reputation as being nothing more than unmonitored casinos plagued with corruption and insider trading. What could possibly go wrong?
According to the WSJ, the Hong Kong and Shanghai stock exchanges have published an overhaul of rules governing a new trading link that will open China's tightly held capital markets to the investing public, ahead of a launch that could take place as early as end of October.
The Chinese government has vowed to encourage further capital flow and open the country’s markets to international investors and conceded previously that numerous reforms would have to take place. Such reforms risk destabilizing its economy, which is still veiled by strict capital controls. Therefore the government has been implementin
