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Some China concepts stocks sink in morning trading

Tiger Newspress2021-08-20

(Aug 20) Some China concepts stocks sink in morning trading.

China has passed legislation setting out tougher rules for how companies handle user data, a move pushing forward its campaign to curb big tech’s influence.

The legislature of the Asian nation approved the Personal Information Protection Law, the China Central Televisionsaidin a report on Friday morning.

Details of the new legislation were not immediately released but earlier drafts required firms to get user consent to collect, use and share information, and to provide a way for them to opt out. Companies found breaking the rules could face fines of up to 50 million yuan ($7.7 million) or 5% of their annual revenue.

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评论69

  • 9moon
    ·2021-08-27
    There are 2 types of Chinese tech, one that advance national interest eg help China fight US rivalry, and the others that threaten social stability (data security/privacy, excessive loans, tuitions). China govt clamped down latter type is understandable. On investing, must bet on the right industry. A rising tide lifts all boats while falling tide affects all boats. Remember hope is never an investment plan.
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    • koolgal
      Very wise advice.  Thanks 👍😊
      2021-08-30
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    • 9moon
      Many thanks, my wisely friend.
      2021-08-31
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    • koolgal回复9moon
      You are very wise too.  Thank you for sharing your opinion 👍😊
      2021-08-31
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  • STTAN
    ·2021-08-23
    Like 
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    • STTAN
      Like
      2021-10-03
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  • GKevin
    ·2021-08-21
    Good news for China actually, things will recover and even moon in long term
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    • BlackTechAI
      China going in the right direction upgrading the quality of its industries and green environment initiatives supporting clean energy. Good for Chinese companies' international creditabilty.
      2021-08-21
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  • Ermmmmmm
    ·2021-08-21
    Hope to see more updates from China 
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  • xremy
    ·2021-08-21
    It Will End.. 
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  • JokerForever
    ·2021-08-20
    Hopefully will end soon.. 
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  • Leon_Sze
    ·2021-08-20
    There is no mercy in the financial market. 
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    • TYHzir
      sad
      2021-08-21
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  • PhilipGoh
    ·2021-08-20
    Hold 
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  • HoSei
    ·2021-08-20
    Data can be obtain out of China too…🤪
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  • Drrck
    ·2021-08-20
    It is no different from data privacy law - works well for a strong economy like China!
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    • Tchwee56
      Ok
      2021-08-20
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    • FrazerEr
      lets hope it works out well
      2021-08-20
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  • ECA
    ·2021-08-20
    Sad man
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  • winsolutions
    ·2021-08-20
    Chinese will always able find a way out[开心] no worries.
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  • 6c283a99
    ·2021-08-20
    Ok
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  • 6c283a99
    ·2021-08-20
    Ok
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  • ocean_wave
    ·2021-08-20
    More rule and policy coming? [捂脸] 
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    • koolgal
      Possibly👍😉
      2021-09-10
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    • Piggys
      Thanks
      2021-08-26
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  • PixieDust
    ·2021-08-20
    Get ready, I hope baba won’t get fines again, otherwise drop even more. 
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  • Shen84
    ·2021-08-20
    😭
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  • DenisL
    ·2021-08-20
    Down every where 
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  • Steve81
    ·2021-08-20
    When can you grow again. I have faith on u!
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  • lzh77
    ·2021-08-20
    Like please
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    • OWYONG
      like
      2021-08-20
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