Views on improving the integrity of global capital markets

Alan Lok, CFA

17 Posts


Alan Lok, CFA, was a director of capital markets policy at CFA Institute. He was responsible for conducting research projects in the area of market instruments and market structures in the Asia-Pacific region. Mr. Lok worked with regulators, institutional investors, academics, and various other stakeholders within the financial industry to uphold investor protection and market integrity.

Author's Posts
Lok Provides Key Differences in DJIA, S&P 500; Are Investments in Latter Diversified?

Which is the better indicator of the US stock equity market, the DIJA or the S&P 500? Do investments based on the latter carry a different risk profile?

China’s Money Market Reforms Aim to Stem Risk, Allow Funds to Thrive in Fintech Era

The CSRC money market reforms balance innovation and risk, consider public feedback, and are the first refinements to a set of rulings drafted in 2004. Will they thrive?

From Stocks and Bonds to Crowdfunding, China’s Capital Markets Regulatory Scene

Chinese regulators are now seeking comments on how P2P platforms should operate and grappling with findings of a private equity practices report — there are problems.

China’s Circuit Breaker: Boon or Bane?

China’s circuit-breaker mechanism got a workout its first day in use due to extreme market volatility. Three days later, China suspended use of the safeguard until further notice. Here’s our take.

Portfolio Pumping in Singapore — What the Numbers Tell Us

Eleven years of tick-by-tick data, 12 billion data points, and 189 companies later … what our first-of-its-kind study in the Asia-Pacific region reveals, and what policy we recommend.

Portfolio Pumping in Singapore — Myth or Reality?

Eleven years of tick-by-tick data, 12 billion data points, and 189 companies later … what our first-of-its-kind study in the Asia-Pacific region shows.

Chinese Shadow Banking: Solution or Problem?

Although China held just 4% of global shadow-banking assets in 2013, Chinese investors worry about systemic risk.

To Reform Chinese Capital Market, Is Government ‘Cooking a Frog in Warm Water’?

Capital market reform in China will take a while, but things are surely improving.

Insider Trading: Is China Serious about Cleaning Up Its Capital Market?

Financial sector crackdown implicated big industry names and had significant impact on Chinese capital market.

Are Tencent, Alibaba Innovators or a New Cog in the Chinese Regime?

Will Alibaba and Tencent prove supporters right — that Internet financing, a phenomenon unique thus far to China, will be a transformational boon to its capital markets, or is it just a new component in the government’s economic machine?

How Service Sector Needs and Shadow Banking Are Reshaping Chinese Capital Markets

Alan Lok, CFA, examines China’s shift to a domestic-consumption economy, its severe service sector supply bottleneck, and the rise in Chinese shadow banking.

The Impact of Population Dynamics on the Chinese Capital Markets

The biggest issue now facing the Chinese capital markets is resource allocation. Future reforms will be geared towards benefiting the entire physical economy.

Chinese Shadow Banking: Risks and Rewards

One CFA Institute analyst shares his firsthand introduction to Chinese shadow banking, and why it’s too tempting for many investors to pass up.

Through the Lens of CitySpring, SGX Business Trusts Examined

Examining REITs and business trusts on the Singapore Exchange. Industry feedback on the listed asset classes revealed need to shed more light on them.

End the Silent Treatment: Why Regulators Should Promote Market-Fraud Prevention Efforts

The Singapore Exchange’s market-fraud surveillance may not be well known, but it’s critical to maintaining a level playing field for investors.

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