Time to buy before the next leg up?

According to CNBC, China Securities Regulatory Commission released proposed rules for domestic companies wanting to list overseas.

As expected, the national security angle is infocus as they deem domestic companies must comply with relevant provisions in the areas of foreign investment or the potential listing could be stopped or reversed in the caseof $DiDi Global Inc.(DIDI)$.

Another important part of the news put out is that there isn’t going to be a ban on VIE structures used to list overseas.  A VIE structure is used previously to skirt the gray areas of domestic law to enable foreign investors to own a piece of the cash flow from the business.  Importantly, this structure does not give foreign investors ownership or actual shares in the listed company.  

The VIE structure was of great concern lately as investors thought it might be outlawed and therefore all the listed companies and investors would be in limbo.  

Now that it is cleared up, we should see many of the clouds lifted off of CN stocks suchas Alibaba, JD, Tencent that have been severely battered for the past 6 months.

$Tiger Brokers(TIGR)$$Futu Holdings Limited(FUTU)$