Stephen Green is a Shanghai-based senior economist at Standard Chartered Bank and the author of China's Stockmarket: A Guide to Its Progress, Players and Prospects and The Development of China's Stockmarket, 1984-2002: Equity Politics and Market Institutions. He has a PhD from the London School of Economics and has been a visiting researcher at Fudan University in Shanghai and at the Shenzhen Stock Exchange. He is a columnist for Asia Insight.