Not so much bull in the China equity shop!
Global investors are losing their appetite for China equities following growing interference by China’s government in business and financial activities. Over the past year or two, China has stepped in to delay and influence the listing of billionaire Jack Ma’s Ant Group; issued a range of anti-trust fines, including a whopping US$2.8 billion fine to Alibaba; and instructed Uber-equivalent, Didi, to remove 25 of its apps from online app stores. Clearly, the bull is no longer rampant in the China equity shop!