Tuesday, September 28

Chinese Stocks

Chinese Stocks, Didi Chuxing, Didi Global, JPMorgan, Markets, MI Exclusive, regulatory crackdown

Didi surges 12% and leads other Chinese stocks higher as investors eye a bottom for the recent free-fall

Didi Global surged as much as 12% on Wednesday, leading a broad rebound of US-listed Chinese stocks as some investors see a bottom for the recent free-fall. The Invesco Golden Dragon China ETF, which tracks a range of US-listed Chinese equities, rose 4%. The broader Shanghai Composite Index was up just around 1%. The uptick comes as some analysts and investors are eyeing a bottom to the steep decline in Chinese equities. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. LoadingSomething is loading. ...
China regulation, China regulators, China Stock Market, China Stocks, Chinese Stock market, Chinese Stocks, Markets, Masayoshi Son, MI Exclusive, Softbank, Softbank Vision Fund

SoftBank will cut investments in Chinese startups as it awaits more regulatory clarity

Alessandro Di Ciommo/NurPhoto via Getty Images SoftBank Group will cut investments in Chinese startups pending further regulatory clarity, company founder Masayoshi Son on Tuesday."Until the situation is clearer we want to wait and see," Son said at a news conference, as reported by Reuters. "In a year or two, I believe new rules will create a new situation."Chinese startups currently up around 23% of its Vision Fund's portfolio, SoftBank's tech-focused venture capital fund that was founded in 2017. But since April, only 11% of new investments have been directed into China, reflecting the firm's decision to pare back.Still, SoftBank is quite exposed to China at large. Alibaba, the online shopping behemoth, comprises 39% of its asset value, according to the Financial Times. Son di...
beijing, Chinese Stocks, Markets, MI Exclusive, Movers, Regulation, stock market, stock market 2021, Stocks, Trading

Chinese stocks are being battered by regulation from Beijing. Here are the 10 that have seen the steepest declines in 2021.

A trader works during the Fed rate announcement on the floor at the New York Stock Exchange (NYSE) in New York, US, March 20, 2019. Reuters/Brendan McDermid Beijing's recent tightening of regulation across industries has led to a crash in market value for Chinese stocks.Recent regulations in the Chinese tutoring industry led to some stocks falling more than 90%.These 10 Chinese stocks have seen the biggest year-to-date declines amid amped up pressure from Beijing.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Whether its Didi, Alibaba, or Tal Education, Chinese stocks have been slammed this year as Beijing ramps up its regulatory pressure across industries.The moves sent shockwaves across financial markets, with several high-profile companies like TikTok...