New Chinese regulatory push sends tech stocks downwards

Online food delivery group Meituan (3690.HK) led a rout of Chinese technology company shares on Friday, as authorities announced a series of regulatory moves to boost growth while keeping financial risks under control.

China's state planner, the National Development and Reform Commission (NDRC), on Friday issued rules to promote a faster recovery from the pandemic in the services sector, including guidance for online food delivery platforms to reduce service fees to help to lower operating costs for catering businesses. Those rules were announced as the China Banking and Insurance Regulatory Commission warned against using the metaverse as a tool for illegal fund-raising, saying that some companies were engaging in illegal fund-raising, fraud, and virtual real estate speculation.

Investors, entrepreneurs, and established Chinese tech giants have in recent months piled into the trend of the metaverse, described as a virtual shared space that blurs the boundaries between the online and offline worlds. The regulatory moves come as China's technology sector is still smarting from a year-long regulatory crackdown, which has upended once-common industry practices and wiped millions of dollars off share prices.


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  • 日月明晨
    ·2022-02-22
    学习涨知识利用起来
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  • WLUN
    ·2022-02-22
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  • 啊啊鲍
    ·2022-02-22
    特色小吃一条街
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  • 云仙
    ·2022-02-22
    这篇文章不错,转发给大家看
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  • 大大姐
    ·2022-02-23
    这篇文章不错,转发给大家看
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  • 国际化超人
    ·2022-02-23
    监管是对的,要按市场规律办
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  • 有跌就有涨
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  • wh快乐投资
    ·2022-02-23
    这篇文章不错,转发给大家看
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  • 梁嘉洪
    ·2022-02-23
    这篇文章不错,转发给大家看
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  • 一路biao升
    ·2022-02-22
    谢谢分享!
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  • 海风吹了
    ·2022-02-22
    这不是主要原因
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  • 颜世库
    ·2022-02-22
    共同努力,学习了解
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  • 双鱼虎
    ·2022-02-22
    学习
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  • 熙熙999
    ·2022-02-22
    [龇牙] [龇牙] [龇牙]
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  • 梅西点球打飞
    ·2022-02-22
    是出货结束了才砸盘
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  • 奋力
    ·2022-02-22
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  • 天父
    ·2022-02-22
    王老板:有请股民埋单
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  • 小玉玉
    ·2022-02-22
    政策何时见底,继续坚持
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  • 史小锐
    ·2022-02-22
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  • legal1989
    ·2022-02-22
    是下跌了数千亿美元
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