Miscellaneous News
- Thread starter bd popeye
- Start date
Don’t know if Hongkong is over but his hairline sure is.
Pros and cons of both sides of the Chinese stocks/equities story(and not specifically on this headline). The cons are that if international investors 1) don't have a way of owning Chinese equities 2) or the equities they do own continue to underperform over years - then there is less incentive for those in power(since people who are in politics generally have money and have investments) to see China do well.
To put this frankly, if members of the US Congress (hypothetically) owned share of Alibaba/Bytedance/Huawei/BDY/SMIC/YMTC/etc and saw their value go up 200%, 500%, 1000% over the years like Facebook/Google/Tesla/Apple, I would bet there would be a bit less anti-China rhetoric or calls to ban TikTok or sanction Huawei, etc.
Just food for thought, and this will probably open up another can of worms since everyone likes to nitpick words.
China could find other ways of preventing these sorts of pernicious behaviors in the first place. Other than an outright ban on foreign investors. They could just ban short selling altogether. That wasn't legal for most of the US's history either. And they could add a Robin Hood Tax, i.e. a tax on stock transactions. This would make people hold on to their stock instead of trying to do day trading.
Hong Kong already has 0.1% stamp duty for buyer and seller. On top of that, you have various brokerage and exchange fees. If your aim is to stop daytrading, the best way is to just ban it like in China, where you can't sell stock that you bought earlier that day.
supercat
Colonel
The article was written through the lens of stock market and with a mindset of a Western CEO who concentrates on the quarterly earnings. The matter of fact is that both the Chinese and Hong Kong stock markets are really cheap now. The current Shanghai stock market has an average P/E ratio of 12 (a stock with a P/E ratio below the the average of 20-25 is considered good to buy), and the Hong Kong stock market is back to the level of 1997. However, Long termly, they have no where to go except up, just like the US stock market after the 2008 subprime crisis. On the other hand, stock market is not the only gauge of economic performance, while its rise does not necessarily benefit most of the people directly.
Talking about Hong Kong, happy birth day and rote in jail.
I'm glad that China has learned the lesson of the Ukraine War.
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Yeah, exactly.
That is what I have been saying for a long time, in a similar vein.
I like Prof Roach, so my comment is not directed at him, but to what we are talking about, in a general.
It is that expression.
You either put up, or shut up.
But these guys, the US media and US politicians and their lapdogs worldwide, either put up or shut up, but they do neither.
Creates an endless loop of nonsense and false news.
The best part is they actually think they are doing something and accomplishing something. ROTFFLMFAO!!!
That is why we rarely ever hear about Huawei in the news anymore.
Huawei 5G that war, they kicked the shit out of them.
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supercat
Colonel
The hypocrisy stinks to high heaven.
LMAO - Britain is a member of the AUKUS and they want to engage China in the SCS!
The truth of India's workforce:
Today's stuff for the Funny Thread
LMAO - Britain is a member of the AUKUS and they want to engage China in the SCS!
The truth of India's workforce:
Today's stuff for the Funny Thread
Not funny!
Male pattern baldness is no joke.
It could affect some of us down the road. (I feel like crying!)
Along with e.d.
Going to check the mailbox.
See if my ointments have arrived.