Crackdown shows China will do 'whatever it takes' to tackle social issues, major Asian bank says
Dennis 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 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.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.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
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.
Leer más »
China stock crackdown, plus experts share their favorite crypto appsBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
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.
Leer más »
Zimbabwean Vice President’s Visit to China Raises Questions About Covid-19 ProtocolsHundreds of people were removed from a luxury hotel in central Beijing and quarantined after a member of a group staying there with Zimbabwe’s vice president tested positive for Covid-19, hotel guests and authorities from both countries said
Leer más »
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.
Leer más »