Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Chinese Tech Rally Goes Vertical
Laugh. Because it's funny.
When Chinese stocks get cookin,' they tend to rally on a 90-degree angle
If Xi can single handily destroy Chinese tech stocks when he feels like it (as your previous articles seems to suggest), perhaps it is entirely plausible that he could single handily pump the market via his tech friendly mood swings. I’m sure Ma’s learned his “lesson” by now that he lives in a authoritarian state where there is no room for tech billionaire “demigodery” like we’ve seen in the US (hello Elon). After all, Ma’s fall from grace was mainly contributed by the proposed IPO launch of Ant financial which Xi viewed as a direct threat to the PBOC authority.