Yes, they are in some ways doing what should have been done here. They have had it it in many ways with big tech and such concerns. Looking across the spectrum, this has made several chinese stocks very cheap. While US stocks are at almost all time highs.
Maybe someone is moving large amounts of money out of China and using the US stock market as it’s hedge.
Has happened a whole lot of times before, when autocrats and dictators have abandoned their countries, for whatever reason, they have tried to move their money into the US or EU. But with China there is a whole lot more money than normal to be moved.
The EU doesn’t look that healthy either, so the USA is the only game in town.
Maybe I’m being paranoid, but something more seems to be going on....
Remember Jack Ma ?? Where is he and what’s he doing, he got taken out by the CCP for getting a little to uppity....
For Chinese Regulators to take such harsh action, it had to come from high ups in the CCP, my question is why and are they up to something...
Personally I think all Chinese companies should be delisted from Stock American Exchanges, based on my reading they don’t have to operate with the same Accounting Rules that American Companies do, basically we have take their word for how profitable the companies are because no one can examine their books...