Hong Kong’s US$700 billion July market sell-off evokes memories of China’s 2015 stocks rout

Source: China – South China Morning PostCathie Wood’s US$25.5 billion flagship investment fund began 2021 as one of the most enthusiastic and biggest portfolio investors of Chinese technology companies listed in Hong Kong and the United States.As June turned into July, enthusiasm dissipated into wariness. Didi Global’s US$4.4 billion New York initial public offering (IPO) on June 30 exploded into a debacle described by Chinese regulators as a “deliberate act of deceit,” a characterisation that promises severe repercussions for the…Read More

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