Efforts by Chinese President Xi Jinping to regain the trust of international investors face serious hurdles.
Xi’s government showed little regard for those same investors last year when it unleashed a series of crackdowns on the country’s most profitable companies — in a bid to curb "disorderly capital” and ensure the firms didn’t become more powerful than the Communist Party.
The result was confusion and punishing losses for shareholders. Regulators have yet to follow through on promises made this month to ensure policies are more transparent and predictable.