The CSRC also announced they have been meeting with the PCAOB on a weekly basis to sort out auditing issues and will be done with it in the near-term.
CSRC again confirmrd that foreign-listing is the way forward because Chinese financial markets are still underdeveloped.
HK lockdown just ended and Shanghai's one is recovering and coming to an end in the coming week. Comparing the two nations from a monetary policy perspective, CN gov is easing while the US is tightening. It's a no brainer to buy China now.
Not to mention how many of the stocks have low PE , trades less than book value and have lots of cash and can still perform share buybacks. Load up and start printing some RMB with me !
Buy China in larger proportions and sell US is the way forward in the coming year.
$Pinduoduo Inc.(PDD)$ $Zhihu(ZH)$ $JD.com(JD)$ $Alibaba(BABA)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comment