WeChat suspends new user registration for security compliance
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Re: WeChat suspends new user registration for security compliance
#2"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%."
Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
Re: WeChat suspends new user registration for security compliance
#3"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
Fascinating that they care more about national security (in their own way) than feeding the already fat shareholders as the US would do.
Re: WeChat suspends new user registration for security compliance
#4"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
>Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
The stock market reaction is a part of the show. They aren't banning things despite it, they are actually flexing to show authority (albeit in a crude manner).
Re: WeChat suspends new user registration for security compliance
#5"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
yeah, I wonder if they do it b/c:
1. the og investors cashed out. leaving retail holding the bag.
2. they buy the stock at a discount
Re: WeChat suspends new user registration for security compliance
#6"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
> with complete disregard on how the stock market might react.
I personally regard this as a positive fact, and I'm generally against the policies of the current Chinese authorities. The stock market should not be the be-all and end-all of our modern society.
Re: WeChat suspends new user registration for security compliance
#7"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
Fascinating that they care more about national security (in their own way) than feeding the already fat shareholders as the US would do.
who are the share holders? Retail investors? Has China ever cared about retail investors?
Or does this regulation lower the price so institutional investors get a discount?
Re: WeChat suspends new user registration for security compliance
#8.
Re: WeChat suspends new user registration for security compliance
#9"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
yeah, I wonder if they do it b/c: 1. the og investors cashed out. leaving retail holding the bag. 2. they buy the stock at a discount
Don't think the Chinese government cares about purchasing any Chinese company's stock at a discount, if the need arises they can of course nationalise it almost on the spot.
Re: WeChat suspends new user registration for security compliance
#10"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%." Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
I think that may be part of the point. In matters of state, in China, markets react to policy not the other way around. In the west markets direct policy through a kind of indirect or virtual parliament.
Whether China's approach is wise or not...I don't know.