Crackdown shows China will do 'whatever it takes' to tackle social issues, major Asian bank says
Chinese tech and education stocks have been rocked by regulatory uncertainty in recent sessions, including some listed in the U.S.
Key PointsDennis Lam of DBS says stock market volatility is not a consideration when China wants to address socioeconomic issues.For sectors that face high risk of regulation, including education, e-commerce, internet and health care, it's "prudent for the investor to basically expect the worst," he said.
His comments come after a week of volatile trading for Chinese tech and education stocks, including two listed in the U.S.China's national flagRussell Monk | The Image Bank | Getty ImagesChina's crackdown on private education signals that Beijing is willing to take strong action to address socioeconomic issues, according to an equity strategist at a major Asian bank.
"The government is ready to do whatever it takes to rectify perceived social, economic issues," DBS' Dennis Lam said during a webinar Thursday, and pointed to the speed, efficiency and strength of China's new policy."Stock market volatility is not a consideration at all," he said. headtopics.com
For sectors that face high risk of regulation, including education, e-commerce, internet and health care, it's "prudent for the investor to basically expect the worst," he said. Read more: CNBC »
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'Major asian bank'? U said HSBC ? Maybe stop creating social issues eliminating the need to crack down on them… just a thought. dont trust these chinese Tackle social issues or tackle threats to the CCP ? Wow it's like they are willing to sacrifice a small % of their short term growth to guarantee that their nation has a future for its people, unlike America
Too bad their manufacturing just went bust. Blowback baby Unlike in America, citizens are left to their demise You dobt make ppl feel better about the market by holding a gun to their head. It’s a important point for whatever country. It seems US is incapable of doing so. God damn Chinese government and their abuses to business and to the peoples
Apple Floats Above China Technology Crackdown — For NowNo big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech stocks. What does floats mean this is terrible news
Work hard, stay positive, and get up early. It's the best part of the day. — George Allen, Sr.
Apple Floats Above China Technology Crackdown — For NowNo big U.S. tech company is more exposed to China’s political climate than Apple. But its adroit management of the Chinese market is insulating it from the turmoil gripping the country’s own tech stocks.
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Alibaba stock has taken a hit from China crackdown, but its earnings could be a different storyAlibaba Group Holding Ltd. will be looking to focus attention back onto its business Tuesday following a rough stretch for the broader Chinese internet sector. Chinese for long beat authoritarian rule contradiction to create some of the world's greatest companies but it's internet crackdown now poses the contradiction as THE Central issue which could backfire so big time as it takes away the one thing capitalism likes predictability
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Investors Lost Hundreds of Billions on China in JulyA regulatory crackdown by Beijing wiped some $400 billion off the value of U.S.-listed Chinese companies this month. Now, some investors are asking whether China Inc. is worth the risk. 有个 中文twitter排行榜，你的排名好高啊，羡慕中.... 查询其他人的排名和粉丝数加电报群 good