Chinese ADR Stocks Plunge after Trump Takes AIM
- Thread starter bone
- Start date
not trying to put salt on the wound... you can complain but see the logic here? if killing the long = idiot, then making the short rich = genius? lol
it sounds like monday morning quarterback, but as much as I love technology, I have zero holding of Chinese ADRs.. exactly because of stuff like this.
not in this thread but it's been mentioned in another - this move is not isolated.. CCP members got planted into these companies... the private side bosses like Jack Ma got driven out... so now what is BABA - a CCP owned company listed on an American exchange.
I'm playing with fire here a little bit. BABA is/was a strong hold but this move by the Chinese and Trump's wishy washy back and forth hasn't panned out my way.
I'm calling the guy an idiot because ordinarily, in an unmolested, non-manipulated market, the company would've been a hold. So yes, I'm pissed when illogical things are done.
not sure how much you know about China... I grew up there and still have strong ties.
I never bot any ADRs because of the possibilities of stuff like this... and monday morning quarterback again lol... the events have been unfolding for a while.... first it was ZhiFuBao, then the Jack Ma outage rumor has been floated for a while and finally he got ousted. and then CCP officials got planted.
This is basically Hugo Chavez nationalizing the used-to-be-private oil companies and we saw how that turned out.
The CCP appears to be more biz savvy than Chavez, the past 30 years of economic accomplishment is undeniable... but once a company gets nationalized, you can use say Petro China PTR as a reference.
at the moment it's called 'public-private co-op'... not only BABA... it's happening to all the tech giants in China.
I'd look for exits if I held longs.
and in terms of nationalization... it's just convenient for the CCP to do this... the party controls everything and can do anything.. and understandably the party would pull these moves... in the ages of big data, AI, IoTs... where do you draw the line between private biz and national interest and security?
in the US it's just not done in such obvious ways.... Goog, FB... how much military involvements are there... who knows.
in the US it's just not done in such obvious ways.... Goog, FB... how much military involvements are there... who knows.
I wonder how the US's economy will react when China retaliates in kind?
https://www.cnbc.com/2019/10/08/tru...on-pension-investments-in-chinese-stocks.html
Trump administration reportedly considering limits on pension investments in Chinese stocks
This comes after the White House denied reports it is considering ways to limit U.S. investments in China. White House adviser Peter Navarro told CNBC the reports were “fake news;” however, people familiar with the matter told Bloomberg News that Trump officials met last week about the deliberations.
In addition to curbing pension investments, the administration is now honing in on how to limit stock index providers from including Chinese stocks. National Economic Council director Larry Kudlow held a policy meeting last week with officials from the National Security Council and the Treasury Department, reports said.
Bloomberg News first reported last month that Trump administration officials are weighing delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market. The Treasury department also denied the reports from Bloomberg.
https://www.cnbc.com/2019/10/08/tru...on-pension-investments-in-chinese-stocks.html
Trump administration reportedly considering limits on pension investments in Chinese stocks
- The White House is deliberating about limiting government pension investment in China, Bloomberg News says.
- This comes after the White House denied reports it is considering ways to limit U.S. investments in China.
- Trade talks between the world’s two largest economies are set to resume on Thursday.
This comes after the White House denied reports it is considering ways to limit U.S. investments in China. White House adviser Peter Navarro told CNBC the reports were “fake news;” however, people familiar with the matter told Bloomberg News that Trump officials met last week about the deliberations.
In addition to curbing pension investments, the administration is now honing in on how to limit stock index providers from including Chinese stocks. National Economic Council director Larry Kudlow held a policy meeting last week with officials from the National Security Council and the Treasury Department, reports said.
Bloomberg News first reported last month that Trump administration officials are weighing delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market. The Treasury department also denied the reports from Bloomberg.