Exclusive: China just gave a big F-U to America, hedge fund manager says

[RedSun]

Although one may want to consider other reasons than simply greed as motivation to make decisions. It is not in the US markets and investors interest to be swindled by companies bypassing accounting rules, Chinese or wherever. Either you follow the rules or you stay out, regardless of how much we stand to lose.

It reminds me of an article I recently read where Russia is requiring French champagne to switch to the term sparkling wine, while allowing its own sparkling wine to be called champagne.... As far as I'm concerned, Russia can require anything it wants but the pathetic one is LVMH for complying because so much of their business is in Russia. Absolutely pathetic.

Correct.

The issue is that, China does not wants its companies to follow US rules. And Trump and Mark Rubio & cohort want Chinese companies to follow US rules. This is where the conflicts clash.

To the end, I see most of the Chinese companies will de-list or be de-listed from US stock markets. So multi-national companies have to choose to be Chinese company or oversea company. Life will be extremely difficult for multi-national companies to have mainly Chinese customers. I do not think that is what Didi wants to go.

This divide will only go further now with Biden taking the baton from Trump....

 

[RedSun]

China's US treasury holding is steady since 2020.
https://ticdata.treasury.gov/Publish/mfhhis01.txt
The Fed has been taking up all slack.

Yes. Who is buying US 10-year treasuries and driving yield to near term low?? A lot of the USD comes from Asia.

 

[bone]

Nailed it.

China's doing this as a form of capital control IMO. It's not about harming the US as it is about trying to control their entrepreneurs.

 

[bone]

This thread title is hilarious. Was the CCP's treatment of Jack Ma "an FU to America" as well?

Please.

 

[Peter8519]

Yes. Who is buying US 10-year treasuries and driving yield to near term low?? A lot of the USD comes from Asia.

Is Asia .. China ?

 

[RedSun]

Is Asia .. China ?

China, Japan and whatever countries who have accumulated large FX reserves. HK too?

 

[themickey]

The thread title should read: "American Investors in Chinese IPO gave a big F-U to their own money."

 

[JSOP]

Not sure what its "own exchange" this is.

China does exactly what it wants. It wants Didi to be a Chinese company, not a US company. It does not want all the data to be accessed by US. It is fairly simple.

The fact that Didi ignored the warning and pushed its way to NY is a big no-no.

This is just the de-coupling. US investors want the access the 2nd largest global economy to participate. It is also very important diversification. But politics clearly gets in the way.

Didi IS a Chinese company. It's majority-owned by its own Chinese parent company. It trades mainly on Chinese stock exchanges. The "ownership dilution" is almost non-existent. If this is the reason why the Chinese CCP is cracking down on Chinese companies that are listing on the US exchange, then they are completely delusional once again. The only reason why, I agree with you that China doesn't want them listed on foreign exchanges no more is capital outflow. They don't want foreigners to get rich(supposedly) on Chinese companies because Chinese companies are such hot shot LOL and without being able to invest in those Chinese companies, US investors will become so poor and that's what China wants for the US, to be poor, to have "broken heads and bloodshed" as how Xi put it so vividly in his most recent speech during the centenary celebration of Chinese CCP.

Broken heads and bloodshed we shall be, I guess. LOL

 

[JSOP]

Trump does the dirty work for China government. And he was not paid.

China government would be happy to see Didi going back to HK, instead of NY. Think, what will become if all those China large caps withdraw from NYSE and go to HKSE? It helps HK and hurts NYSE. This is why NYSE withdrew the mandate to de-list China Telecom etc....

All those de-listing will bring more business and jobs to HK or Shanghai, and take away the $$$ and jobs in NYC.... Maybe Mark Rubio should get what he wants. Clearly US investors and business people do not want that to happen.

This is why the West should stop taking in so many people as immigrants. We should become like Japan, just be self-reliant with our own native population with advanced technology and trade with the countries that we want to have a sustainably grown economy. If we shed all those extra immigrants and migrants and refugees and get rid of all the illegal immigrants, I tell you we will be living very comfortably with the economy that we have today. We can even start to enjoy positive interest rate on savings account again.

If China is so rich and popular and rich, then let it take in all the immigrants and refugees and migrants. US should stop advertising itself as the land of the free! LOL It's not, it's not even rich anymore. China is. It's a country that's never enslaved any other nations; it's never engaged in any colonization. China is paradise on earth. It treats everybody with equality and brotherly love. Everybody should go to China! LOL

 

[murray t turtle]

China's doing this as a form of capital control IMO. It's not about harming the US as it is about trying to control their entrepreneurs.

%%
LOL/ that ipo had a 2 day uptrend\ down for the week=better than many US IPOs.
Many of those chicoms are more honest than ours gov. Chicoms in a news conference, answered the question ''why change the name of the swine flu virus??'' They said ''pork is big business /next question'' LOL/true, I dont blame them for breaking + bloody pattern of muslimes; sleeping with thier muslimes wives by chicom soldiers; maybe an admission of thier one child policy\ mostly boys was big gov goof.