Business Maverick: China Stocks Fall as Traders Digest Beijing’s Crackdown Signals

public offerings by Chinese companies on U.S. exchanges until risks are better disclosed. A Politburo meetingby President Xi Jinping pledged “improvement” in approving overseas listings by companies, Xinhua reported, without giving details.

“Last week’s selloff may be overdone from a technical, near-term perspective,” CICC strategists led by Hanfeng Wang wrote in a note. “Parts of the market are ripe for entry.” Wang added that a tougher stance by U.S. regulators may further encourage listings in Hong Kong. Shares in bourse operator Hong Kong Exchanges & Clearing Ltd. gained as much as 2.9%.

The Ministry of Industry Information Technology on Friday told 25 of China’s largest internet and hardware companies, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., to carry out internal reviews and rectify issues ranging from data security to consumer-rights protections. In a separate statement, China’s transport ministry said authorities will step up oversight of ride-hailing and on-demand trucking companies, adding that some firms in the industry are operating irregularly and disrupting fair competition.Investors are grappling with an uncertain regulatory landscape, given the range of industries targeted by the government.

Last week’s steep declines were triggered by China’s move to ban swathes of its booming tutoring industry from making profits. The rout was severe enough for Beijing to signal itsChinese leaders are expected to intensify policy support in the second half of the year to bolster the country’s economic growth amid deceleration, China Daily said in a report on Monday, citing analysts.

I entrusted shantelll_142 with my money since I took rush of investing my money with her platform, and since then I've recovered all I lost to scams. Get in touch with shantelll_142 and get a good mentorship and safe trading.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Global Copper Supply at Risk As Workers Vote to StrikeA tightening global copper market is facing the real possibility of simultaneous strike disruptions at three mines in Chile, the top producer. I entrusted shantelll_142 with my money since I took rush of investing my money with her platform, and since then I've recovered all I lost to scams. Get in touch with shantelll_142 and get a good mentorship and safe trading.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Stocks fall on Delta worries, profit takingMajor stock markets pulled back Friday as worries about the Delta variant of COVID-19 and profit taking offset another round of strong corporate earnings. Sometimes, life pushes you to do what you never wanted to do. I never wanted to venture into trading bitcoin but I had no choice with the tough situation in life than doing it with Ethans_Rolands and it was awesome and unbelievable with the massive cash out.🚀🚀💰💰 Investing with lovely1642 has brought my family so much joy, I've received R25,500 from my little funds i invested and I'm grateful, i advice everyone to invest with 👇👇👇👇 lovely1642 I still can't believe that a real account manager exist I am so happy trading with lovely1642 i never took her serious because I taught she was a scam like others ,until my first withdrawal of R60,000 within just one week of trading! 👇👇👇👇 lovely1642
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »