China Asset Management Association Says Stop Speculating In Stocks

China's fund association cautions mutual funds against speculative trading

China's asset management association is calling on mutual fund managers to refrain from speculative trading, highlighting growing concerns of a bubble in China's gravity-defying stock market rally. "Capital markets are significant to China's economic restructuring, but a market's boom and bust would have a negative impact on economic stability," the Asset Management Association of China said in a letter posted on the website, dated June 5.