China stocks bounce after regulatory shock and awe

One year ago this week, President Xi Jinping set in motion what’s come to be known as China’s great “common prosperity” rebalancing.

In a move that startled the world, the push started with the November 2020 shelving of an initial public offering by Jack Ma’s Ant Group. It then spread from tech to education to real estate, captivating the globe’s attention. Investors were befuddled.

Now, 12 months on, there’s budding optimism that the worst may be over as Shanghai shares rebound.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *