I know that, but nothing is static forever. At some point when something is not working properly we ought to be bold enough to change and reform. When Deng took over power after Maos death China was in a far more volatile, dangerous and worse situation than today yet Deng was bold enough to still push for radical unprecedented reforms eventhough many in the party and country were sceptical and even vehemently against these reforms, yet he bold enough to still carry on despite the dangers. He could have just maintain and carry on with the status quo and avoid any risk associated with such radical revokutionary reforms and all the risks that entailed. So I don't think it's good for China to just accept the way her stock and capital markets are at the moment. Its actually embarrassing that for such a great power like China with the world's second largest economy and many high tech companies that her tech champions have to go out of the mainland to list and they don't even consider their homeland at all. This should be a wake up call. The US won't be as welcoming to Chinese companies to list in their market forcer. They are already considering de listing Chinese companies from US markets.
I actually want them to do just that, maybe that's what the party needs to wake up and enact the radical reforms the stock and capital markets needs, at least they can learn from Hong Kong though some still say that its a legacy of British financial market rules/laws. But who cares, if something works then why not copy or learn from it? As Deng said: "it doesn't matter if the cat is black or white as long as it catches mice.". Couldn't have said it better.
