Chinese Economics Thread
- Thread starter Norfolk
- Start date
A positive signal from the Chinese government could get most of these stocks soaring. However, I think the Chinese government is still months away from completing major overhaul of the tech sector.
Pro-growth is top prority this year.
Audit talks between China and the US have reached some understanding.
Look like Li Kai Shing heeds the call and runs. I can foresee more Chinese tycoons to park their monies in HK or move back to China.
Pro-growth is top prority this year.
Audit talks between China and the US have reached some understanding.
Look like Li Kai Shing heeds the call and runs. I can foresee more Chinese tycoons to park their monies in HK or move back to China.
They'll keep going down until Softbank capitulates
Please expand on your comment.
China has still not finished with them. We need more time for them to thoroughly understand their "role" and "purpose" in the Chinese tech ecosystem. The more they act like rent-seeking companies, the more the beatings will continue.
The moment China signals that it is satisfied with these "tech" companies then their stock price will rise. I think this will happen in this year
Softbank owns like 25% of Alibaba, they'll have to sell soon.
They will sell soon as alibaba is their most investment. Also tencent has a big South African investor.
Where can he run? I don't think he trusts the Chinese government.
He doesn't. However, it is even more riskier now for him to park his money in the West. The West is going after every Russian oligarchs even though that don't have a strong tie with Kremlin. Li Kai Shing might not have good connection with Xi but he still has many friends in Zhongnanhai. I don't think he has a lot of choices but mostly Hong Kong and maybe middle east. The way things are going in the West. I don't know even renouncing citizenship would prevent them from being sanctioned if all hell broke loose.