No, not very sorry.
Zero sympathy for those supporting the PRC and their growth. Would have felt the same with Ford and IBM investing in the National Socialist in the 30s and 40s..
“rethinking their portfolios”?
Sounds like some PR flack is trying to cover up a huge mistake.
The CCP has always had a party office in any large concern and a strong say in what the concern does. This most recent regulatory crackdown just brought this fact into a clearer focus for outside investors. And a lot of the lost a whole bunch of money. That is a lesson they will remember and heed.
I’ve never trusted any Chinese company enough to invest in them. I remember hearing some people claim “they’re more capitalistic than we are” a few years back.
They are “crony capitalism”, aka Fascist. No thanks.
The lights went on for me in 2018 when the MSCI was adding Chinese companies to their international index funds. I realized that all these companies were just a stroke of the pen away from being destroyed by the transnational criminal enterprise known as the CCP. You can’t invest with organized crime and expect a fair outcome. It was clear then but a lot of people thought they could hold out and win in the end. Sad.
Bet the Biden family made money.
SUCKERS !!
You pays your monies, and you takes your chances.