China wraps up two-year tech crackdown, top official says
Guo Shuqing, the party secretary of the People's Bank of China, says the special campaign to rectify 14 internet platform companies' financial businesses is basically complete.
$BABA-SW(09988.HK$ ( $Alibaba(BABA.US$), $TENCENT(00700.HK$ , $DiDi Global Inc(DIDIY.US$ and $MEITUAN-W(03690.HK$ ( $Meituan(ADR)(MPNGF.US$) can expect normalized supervision.
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Casual Trader : To the moon
doctorpot1OP Casual Trader:
Casual Trader doctorpot1OP: Hold on tight, don sell to shorters. Let them cover higher!
MonkeyGee : omg, all this wonderful postive news. china have been creeping up while USA have been collapsing.
doctorpot1OP Casual Trader: my options expires 2024 so nothing to sell hahaha 2024 wait for them to give me my shares
doctorpot1OP MonkeyGee: yeaa China negative overhang is slowly getting removed one by one, but still have quite a few still. hope all will be removed soon
Solvent Orange Casual Trader:
MonkeyGee Casual Trader: That is so true. There is only limited quantity. So when DIDIY pop hold on and it will push it higher. Just like GME!
doctorpot1OP MonkeyGee: sadly there is no short data info, it would be interesting to know how is the short interest like. can't wait for the DIDI IPO hehehe