Xi's lunch may mean eating some humble pie

Policy | Ed Zhang

Two things have determined that the Chinese stock market - Shanghai and Shenzhen combined - will have an eventful 2014, now that the central regulator, China Securities Regulatory Commission, is set to lift the 13-month ban on new listings.

One was President Xi Jinping's widely reported order of a 21-yuan ($3.5) lunch at a working-class restaurant in Beijing on Dec 28.