Re:China quietly sets new 'buy Chinese' targets for state co...
by throwaway98211 on Tuesday August 03, 2021 @12:38PM
(#28051227)
>I am in China currently, but I am as ignorant of the underlying motives behind the crackdowns.
Why search for underlying motives when the overt motivates are clear; Chinese tech companies should 'come home' to mainland capital markets. The script is simple:
1) Ticket X is floated in an NYC-based exchange
2) China announces some regulatory crackdown affecting X, whose valuation falls precipitously
3) X goes private at a fraction of its original valuation
4) X is re-listed Shanghai / Hong Kong
5) The regulatory challenges affecting X miraculously dissipate
Why search for underlying motives when the overt motivates are clear; Chinese tech companies should 'come home' to mainland capital markets. The script is simple:
1) Ticket X is floated in an NYC-based exchange 2) China announces some regulatory crackdown affecting X, whose valuation falls precipitously 3) X goes private at a fraction of its original valuation 4) X is re-listed Shanghai / Hong Kong 5) The regulatory challenges affecting X miraculously dissipate