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18-08-2022, 09:19 AM
More and more of the shares held by institutions get shifted to hkse(see report below). Recently 5 big state own Chinese companies announced they will delist from NYSE the stocks fell only 2-3%.
Main problem now looking at the earnings from China is consumer slowdown which is hitting companies hard. Only good numbers are jn certain sectors like EV which are still growing. The 3 pressure points are covid zero, housing crisis send tech regulatory crackdowns. ...all are self inflicted wounds.
Right now along with the mortgage protests and banking protests, unemployment is rising especially among youths.
Given China's policy directions, investors will not have confidence in them.
https://www.reuters.com/markets/us/china...022-08-10/
Main problem now looking at the earnings from China is consumer slowdown which is hitting companies hard. Only good numbers are jn certain sectors like EV which are still growing. The 3 pressure points are covid zero, housing crisis send tech regulatory crackdowns. ...all are self inflicted wounds.
Right now along with the mortgage protests and banking protests, unemployment is rising especially among youths.
Given China's policy directions, investors will not have confidence in them.
https://www.reuters.com/markets/us/china...022-08-10/
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
