Posted on 07/27/2021 7:12:28 AM PDT by BenLurkin
Hong Kong markets continued selling off on Tuesday, extending losses from Monday. The broader Asia-Pacific markets, meanwhile, were mixed.
The broader Hang Seng index in Hong Kong briefly fell more than 5% in Tuesday afternoon trade before paring some of those gains, eventually closing 4.22% lower at 25,086.43.
The index has fallen more than 8% in just two days as regulatory fears surrounding China’s technology and private education sector weighed on investor sentiment. On Monday, it fell more than 4%.
Hong Kong-listed shares of Chinese tech giant Tencent fell 8.98% while Alibaba dropped 6.35% and Meituan declined 17.66%. The Hang Seng Tech index slipped 7.97% on the day to 6,249.65.
(Excerpt) Read more at cnbc.com ...
Chinese Communist Party better get those Spies out and about to steal more Tech to copy ,LOL
China’s Communist Party are still the direct descendants of Mao. At the core, nothing has changed - to paraphrase Mussolini, its: “Everything in the Party, nothing outside the Party, nothing against the Party.”
Xi is just again showing everyone that if the CCP deems it, your property and your person mean nothing. If you are in China, you are the CCP’s prison-byatch.
I have been watching this situation, something about it seems out of the ordinary.
Chinese Regulators have suddenly started to heavily regulate and fine companies in specific industries which has caused massive upheaval in various financial markets.
I describe it as the CCP has “pimped out the populace as slave labor for global manufacturers”.
That we consume their products, because they’re cheap, makes all of us complicit. It’s to the point of not being able to though, there are no options for many things.
It’s easy to say “don’t buy from China” but global economies and so many corporations have supply chains dependent on them.
We are headed for a real clash of power, the aspirations of the CCP are frightening and we feed them. I fear the worst.
Yes, they are in some ways doing what should have been done here. They have had it it in many ways with big tech and such concerns. Looking across the spectrum, this has made several chinese stocks very cheap. While US stocks are at almost all time highs.
Maybe someone is moving large amounts of money out of China and using the US stock market as it’s hedge.
Has happened a whole lot of times before, when autocrats and dictators have abandoned their countries, for whatever reason, they have tried to move their money into the US or EU. But with China there is a whole lot more money than normal to be moved.
The EU doesn’t look that healthy either, so the USA is the only game in town.
Maybe I’m being paranoid, but something more seems to be going on....
Remember Jack Ma ?? Where is he and what’s he doing, he got taken out by the CCP for getting a little to uppity....
For Chinese Regulators to take such harsh action, it had to come from high ups in the CCP, my question is why and are they up to something...
Personally I think all Chinese companies should be delisted from Stock American Exchanges, based on my reading they don’t have to operate with the same Accounting Rules that American Companies do, basically we have take their word for how profitable the companies are because no one can examine their books...
It’s probably just Congress dumping their holdings before a shooting war starts over Taiwan.
Jack and crew played their hand, like the silicon guys here. The ccp got tired of it and showed them who was boss and under what country they came out of.
It takes 4 months to come to a conclusion to a monopoly charge in China, that would be decades here. China will come out better in the long run by cutting the knees out of the large firms.
“Chinese Regulators have suddenly started to heavily regulate and fine companies in specific industries which has caused massive upheaval in various financial markets.”
The CCP knew of the pending reaction so what is their endgame?
Here is the article about this, how many Chinese companies have actually come complied ??
My understanding is virtually none of them have and the sooner they get delisted the better
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