The Chinese government’s intervention to prop up its stock market has damaged the country’s reputation and risks alienating international investors, according to the head of the world’s largest asset manager.
Larry Fink, chief executive of BlackRock, warned that foreign investors could refuse to play in the Chinese markets if they perceive them to be rigged.
“By putting in these blockages and restrictions, it looks like the markets are artificial,” he said, referring to the string of emergency government measures designed to halt a plunge in equity prices.
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