Chinese companies under stricter review which is good for transparency and accountibility, anticipate short-term disruption to market sentiments. However, this changes the long-term positive growth outlook of China and its giant establishments to scale up to the world.
In long term, such clampdown will make such chinese tech firms more robust and structurally sound, if it is initiated by Biden, it could be much worst off and the afterall Chinese govt will not make these homegrown techs go bust...
The sleeping giant is roaring to life again. Stagnant since starting of hk riot...Share buy back and instantly 12 plus % gain..big gap to reach past glory...