Dr. Raghuram Rajan in his book Fault Lines has highlighted that the income of average American was stagnant for quite some time and poverty and inequality were increasing.
Following the successful IPO of the China Construction Bank, Bank of China has issued H share and A share respectively in Hong Kong and Shanghai in June and July this year. The ICBC is actively preparing for its public offering. As for the capital market, due a mistake a decade ago the institutional shares were not tradable.