Waters Clips

Is China Too Hot to Handle?
An average of 300,000 new brokerage accounts for investing in mainland equities and mutual funds were opened daily in the second quarter of this year, according to official statistics. By the end of June, retail brokerage accounts totaled more than 105 million. On some days, investors opened as many as half a million new accounts.
Waters Feature (August 2007)
Competition Looms
Alternative trading systems and crossing networks for equities are ramping up their presence in Asia this summer and while the exchanges are not likely to feel the searing heat of competition just yet, they would be wise to heed these harbingers of fragmentation.
Waters Feature (July 2007)

Hidden Dragon
For five years, starting in 2001, the Chinese stock market headed down. Investors pulled out their money; brokerages went bankrupt. Then the Chinese government instituted a series of far-reaching reforms and the market started to rebound, quickly regaining the territory it had lost, and hitting record highs.
Waters Feature (June 2007)