Posted on 06/20/2022 4:35:40 AM PDT by SwotSonOfSitetest
In a move that has generated little notice in the West, just days ago the Chinese Communist Party took a new and dangerous step to influence Western investment funds operating inside China.
The China Securities Regulatory Commission formally issued guidance to publicly offered securities investment funds that “public fund companies should set up party organizations, conduct party activities and provide necessary conditions for party organizations, according to the Constitution of the Chinese Communist Party.”
Translation: fund managers must make ...
(Excerpt) Read more at nysun.com ...
Paywall!
Since I am my own asset manager, I am not sweating this a whole bunch. HOWEVER, it would be nice to see insanity on the part of decision makers, since the only people at present we little guys can predictably fade is other retail clients. What would it be like to be able to take the opposite side of a trade from a person with hundreds of millions of dollars to invest, who is bent on “social justice” to the point of wasting money?
Call me selfish if you wish, but that makes me almost salivate.
People forget the past, then are shocked when commies act like commies. Seen it up close a dozen times.
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