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The U.S. has been in the process of delisting Chinese companies. I personally suspect that China wanted to get a jump on the effort and in turn force U.S. pens
by citilife 5y ago
The U.S. has been in the process of delisting Chinese companies.
I personally suspect that China wanted to get a jump on the effort and in turn force U.S. pension & hedge funds to lose $400B.
https://www.wsj.com/articles/investors-rethink-china-bets-after-beijing-crackdown-triggers-stock-market-rout-11627669954 https://www.wsj.com/articles/investors-rethink-china-bets-af...
That's a huge amount of money and will dramatically and negatively impact the public pension funds.
It's not about the tech, it's about the economic war between China and the United States. At the same time, the CCP is exerting it's authority over these companies to tighten it's control.
- ffggvv 5y agoa lot of chinese also hold baba and some of these stocks