No Bears Allowed. Literally
Don't be garish. Don't be bearish.
That was the message to employees at China International Capital Corp, where analysts aren't allowed to express negative views on the Chinese economy. They can't say anything untoward about markets or wear luxury brands either.
Notably, the ban on negativity applies to private discussions as well as notes and public commentary, according to an internal research department memo seen by US financial media outlets.
If you had any questions as to whether China's
I’m laughing imagining an American bank telling their traders not to drink.