China Stocks Slip to End Wild Week as Traders Price New Reality

Bloomberg2021-07-30

Move to restrict tutoring industry triggered fierce selling Benchmark CSI 300 has declined by almost 8% this month Chinese stocks fell on Friday, rounding off a volatile week for investors struggling...

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精彩评论

EveryoneHuat
2021-07-30
EveryoneHuat
Haiz....
老Uncle
2021-07-30
老Uncle
ouch
Alv83
2021-07-30
Alv83
[Smile] [Smile]
Never ever f
2021-07-30
Never ever f
Aiya.. China correction really annoying. Hope have a better future.
- FlorCheah:
  yeah
BBBBBBBBBB
2021-07-30
BBBBBBBBBB
Ok

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In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost 5.9%. Tencent Holdings Ltd. declined 2.6%.\nInvestors are grappling with an uncertain regulatory landscape, given the range of industries targeted by the government. From derailing Ant Group’s blockbuster IPO to rules curbing monopolistic practices across the internet space, reducing leverage in the property industry and reforming the tutoring sector, the investor playbook continues to rapidly change. About $1.5 trillion of market value has evaporated in those sectors since February, according to data compiled by Bloomberg.\n“It’s the fear of the unknown,” said Justin Tang, head of Asia research at United First Partners. “Market sentiment is on thin ice. Investors probably expected more meat, however they only got bones in respect to details of the Chinese government’s exhortation to calm down.”\n\nThis week’s steep stock market declines were triggered by China’s move to ban swathes of its booming tutoring industry from making profits. It was the government’s most extreme step yet to rein in companies it blames for exacerbating inequality, increasing financial risk.\nThe ensuing rout was ferocious enough for Beijing to signal its discomfort. State-run media published a series of articles suggesting the selloff was overdone, while the nation’s securities regulator convened a video conference with banking executives to convey the message that education policies were not intended to hurt companies in other industries.\n“Confidence has not fully recovered,” said Steven Leung, UOB Kay Hian (Hong Kong) Ltd. executive director. “Investors need more explanation from regulators to clarify these policy uncertainties.”\nChina’s central bank pumped a larger than usual amount of cash of 30 billion yuan ($4.6 billion) into the financial system for a second-straight day. The move was made to soothe market nerves and ensure ample cash supply toward the end of the month,analysts say. 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Renewable energy equipment maker Sungrow Power Supply Co. and communications equipment manufacturer Wingtech Technology Co. gained more than 20%, as the companies are seen tobenefitfrom China’s structural shifttowardsgreater innovation.\nThe Star 50 Index, which counts such companies as members, is up 1.8% in the past five days.\nMeanwhile, the Hang Seng Tech Index fell 2.6% on the day and 17% for the month, the most since October 2018. Friday’s slide followed a decline by U.S.-listed Chinese stocks Thursday, as investors looked past gains by Didi Global Inc., amid reports the ride-hailing company was considering going private.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":806158568,"gmtCreate":1627643707254,"gmtModify":1633757511810,"author":{"id":"4088530590214670","authorId":"4088530590214670","name":"EveryoneHuat","avatar":"https://static.tigerbbs.com/baa6d385893cf8cbd459be0f1044d908","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4088530590214670","idStr":"4088530590214670"},"htmlText":"Haiz....","listText":"Haiz....","text":"Haiz....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806158568","repostId":1192563770,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806165512,"gmtCreate":1627642547736,"gmtModify":1627642547736,"author":{"id":"3581063216443091","authorId":"3581063216443091","name":"老Uncle","avatar":"https://static.tigerbbs.com/ef0828d104dbb47c9e2122177cf0d3b5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581063216443091","idStr":"3581063216443091"},"htmlText":"ouch&nbsp;","listText":"ouch&nbsp;","text":"ouch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806165512","repostId":1192563770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806103379,"gmtCreate":1627637480191,"gmtModify":1633757556118,"author":{"id":"3579517233442975","authorId":"3579517233442975","name":"Alv83","avatar":"https://static.tigerbbs.com/39bc3af6bd454b0ed7d73c6dcc4649f7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3579517233442975","idStr":"3579517233442975"},"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806103379","repostId":1192563770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":806377606,"gmtCreate":1627637257505,"gmtModify":1631884235923,"author":{"id":"3555043402922696","authorId":"3555043402922696","name":"Never ever f","avatar":"https://static.tigerbbs.com/52501d43721648c944a019db9c767c5d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3555043402922696","idStr":"3555043402922696"},"htmlText":"Aiya.. China&nbsp;correction really annoying. Hope have a better future.&nbsp;","listText":"Aiya.. China&nbsp;correction really annoying. Hope have a better future.&nbsp;","text":"Aiya.. China correction really annoying. Hope have a better future.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/806377606","repostId":1192563770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5378475,"gmtCreate":1627637512935,"gmtModify":1635164191579,"authorId":3573025586175142,"author":{"id":3573025586175142,"idStr":"3573025586175142","authorId":3573025586175142,"name":"FlorCheah","avatar":"https://static.tigerbbs.com/8cb91e5f44e414335718e1beffda39e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":806377606,"type":1,"supId":0,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"}],"langContent":"EN"},{"id":806377361,"gmtCreate":1627637237053,"gmtModify":1633757558336,"author":{"id":"3581562365927542","authorId":"3581562365927542","name":"BBBBBBBBBB","avatar":"https://static.tigerbbs.com/973395458d7e1db24dbd4a689c79e8a2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581562365927542","idStr":"3581562365927542"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806377361","repostId":1192563770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":36,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1192563770"}