The only discipline guaranteed to prevent fiscal excesses is market discipline. Reckless borrowers and lenders must be made to pay their actions. Governments with unsustainable debts should be ced to restructure them, damage to their sovereign creditworthiness or not. The banks that lent to them should similarly suffer consequences, as should the bondholders who provided those banks with funds.
Shanghai-Hong Kong Stock Connect in November .在“深港通”开通前，沪港通曾于年月推出It allowed international investors to trade in 568 Shanghai-listed A shares,