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Investor vigilance with new tightening pressure on US-listed Chinese stocks again-Bloomberg

Chinese stocks listed on the US stock market are again under selling pressure as Chinese authorities tighten their squeeze on big companies in the country.

The Nasdaq Golden Dragon Index, which consists of 98 major US-listed Chinese companies, temporarily fell 4.5% in trading on the 17th. It was disgusting that the Directorate General of Market Supervision and Administration (SAMR), which has jurisdiction over China’s antitrust law, announced a draft regulation prohibiting unfair competition between operators operating online platforms in the country. Prior to the announcement, the Chinese Communist Party’s newspaper, the People’s Daily, said in an editorial yesterday that the country would increase its scrutiny of the entertainment sector and “idol culture,” which lacked regulatory oversight.

China to tighten regulations on “idol culture” -People’s Daily

“There is no doubt that the investment environment will be tougher in the future,” said Michael O’Rourke, chief market strategist at Jones Trading. “Investors really need to be cautious,” he said.

SEC Chairman Warnings on Investment Risk in Chinese Companies-Instructs Suspension of IPO Approval

news-rsf-original-reference paywall">Original title:
China Stocks in U.S. Tumble as Fresh Regulations Spook Investors(抜粋)

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