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Bloomberg: Xi Jinping’s “common prosperity” makes investors uneasy, Chinese regulators meet with Wall Street executives to defend against technology companies
According to Bloomberg, China recently defends against technology companies and the “common prosperity” from Chinese President Xi Jinping makes global investors feel disturbed. Chinese regulators and Wall Street executives had a closed meeting on Thursday, which defending the recent suppression of multiple industries, claiming that its regulatory measures are not aimed at technology or private companies.
According to quoted resources from the report, Fang Xinghai, Vice Chairman of China Securities Regulatory Commission, Senior Officials of the People’s Bank of China, and financial companies such as Goldman Sachs, Citadel, and BlackRock, held a 3-hour closed-door meeting on Thursday.
During the meeting, Fang Xinghai stated the supervision from Chinese government to Chinese companies should not be interpreted as being decoupled from the US or international financial markets. He stated that, China recent measures are targeting at companies operating consumer platforms and strengthens the supervision to improve privacy safety and national security. For measures that are aiming at education training industries and gaming industries, it is aiming to reduce the concerns of society.
Source: Stand News #Sep19
https://bit.ly/3GRsUvQ
#Bloomberg #XiJinping #WallStreet #China #Technology #Supervision #Privacy #NationalSecurity #Education #GamingIndustries
According to Bloomberg, China recently defends against technology companies and the “common prosperity” from Chinese President Xi Jinping makes global investors feel disturbed. Chinese regulators and Wall Street executives had a closed meeting on Thursday, which defending the recent suppression of multiple industries, claiming that its regulatory measures are not aimed at technology or private companies.
According to quoted resources from the report, Fang Xinghai, Vice Chairman of China Securities Regulatory Commission, Senior Officials of the People’s Bank of China, and financial companies such as Goldman Sachs, Citadel, and BlackRock, held a 3-hour closed-door meeting on Thursday.
During the meeting, Fang Xinghai stated the supervision from Chinese government to Chinese companies should not be interpreted as being decoupled from the US or international financial markets. He stated that, China recent measures are targeting at companies operating consumer platforms and strengthens the supervision to improve privacy safety and national security. For measures that are aiming at education training industries and gaming industries, it is aiming to reduce the concerns of society.
Source: Stand News #Sep19
https://bit.ly/3GRsUvQ
#Bloomberg #XiJinping #WallStreet #China #Technology #Supervision #Privacy #NationalSecurity #Education #GamingIndustries