It's time to clean up the stock 'casino'

The most encouraging remark about China's stock market I have heard recently came from Guo Shuqing, chairman of the China Securities Regulatory Commission.

On various occasions the newly appointed top securities regulator spoke of possible reforms that include forcing the listed companies to raise dividends and speeding up the delisting procedure for trash firms.

Despite a bearish run that has lasted more than four years, he remains upbeat about the market. Actually, he thinks it is the best time to buy.